lake elsinore in southern california police say a fifty one year old man is under arrest on multiple alson related charges the fire is full of home twenty thousand people from their homes is just one of nearly twenty wildfires burning in california chris and kahlo is a journalist in southern california he says about half of the fire has been contained at this concern about changing winds this could be the worst wildfire season on record and we're on pace to set a lot of records here we already have now the largest wildfire in california history being sent with mendocino complex fire there up in iraq two hundred ninety two thousand acres with amazing about that is we just broke the record for the largest wildfire with the thomas fire which was finally extinguished back in february and that that had broken the record that we didn't think was going to be broken again for like another decade you also have a couple of big fires up around yosemite and even further up north the car fire around writing the one around to be largely under control as a matter of fact i believe somebody national park

hamas posts in northern gaza threatening a fragile cease fire it says the strike was in response to alson attacks by hamas. both sides accepted an egyptian brokered truce after the latest round of violence in gaza at least two palestinian teenagers were killed when israel launched what it called the most powerful daytime attack since the twenty four teen girls of war. in the occupied west bank meanwhile a palestinian school is beginning its new term six weeks early amid the threat of the building being demolished is located in the small bedouin community of ma where israel wants to expand the settlement but it supreme court has blocked the move at least until next month seventy deca said this report. their summer holidays been cut short but none of these children seem too bothered they all know why they are here. so that we have people inside the school so the israelis won't demolish it. a sally lives a ten minute walk away over the mountain this school doesn't only serve. but it's the only school in the area for these bedouin children. we want to demolish the whole community and transpor

alson authority has suspended all fruit and vegetable imports from israel as in response to an israeli ban on similar imports from the occupied west bank the move comes despite israeli warnings that the palestinian economy won't be able to withstand the measure around two hundred people seeking asylum in the u.s. but some of christmas and a parking lot in texas after being sent there by immigration and customs enforcement officials and the city of el paso a group include women and children with hundreds of other center locations including bus shelters and as gabriel is on the reports from el paso they were left to fend for themselves in the cold. but it will cost and yet it came to the u.s. from guatemala like so many others seeking a better life for his son philippe there now just trying to keep warm at a shelter after a couple nights at a border patrol detention center at the end of the only little. they put his in a cell it was very cold like an ice box it made his cough we went to another so it was the same while we were there they didn't give us much food there wasn't much attenti

that they're not exposed these acts of sabotage there are points that mali's made the trick or allow alson president. to return home something 2 days of meetings between mali's kuti this and west african media may also want a transitional wall invading the country for 3 heads soldiers seized on tuesday and arrested after months of anti-government protests will continue on monday. living in a wall or holy for half that has rejected the un recognized government's calls for a cease fire his spokesman described it as a publicising stunt and accuse the tripoli administration of planning a turkish back defensive on the city of sirte of the us allies a group in egypt and the bravo polman in eastern libya had supported the ceasefire . therefore we believe the ceasefire is false and meant only as propaganda it is simply to throw dust in the eyes this is the reality on the ground and this is what was confirmed our air and land recon all the intelligence we gathered proves the intent to attack our forces and search and. israel's army has launched more strikes into the gaza strip for the 11th day in a

life here the strain civil the consequences are just really long to just not a libya harm see a medina alson intrigues you all to tune in for the clearly not mission critical 16 people have already died identified the source of this because like contamination has become ever more urgent some have even suggested that the super super resistant strain every call i could have been engineered in a lab. the world health organization calls the deliberate contamination of our food one of the major biological threats of the 21st century. in the modern globalized 'd economy where food gets transported all over the world there are a lot of opportunities for somebody to contaminate food with with biological engines. and i don't want to go into much detail but there was a an article that was published in the proceedings of the national academy of sciences about. some touching dairy products milk using branch line talks and you can cause horrible damage with death many thousands of coffee. cold jackson is a senior scientist at one of the united states most important biological laboratories. that is kind o

whether july's cross fit games will go ahead as planned well one of the sport's biggest names and no alson has been speaking to al-jazeera he has been competing of from his home in miami and believes taking a competition onli has been a really positive move. it's been great the united a movement created a basically 7 day 7 workout competition and as things started to unfold a lot of the competitions that our sport and cross fit hosted and then other sports as well were postponed or canceled so for us it could be. kind of a lack of motivation there when you don't know when your next competition is going to be so for them to initiate the united a movement competition gave us something to continue to train for and look forward to there is definitely a difference between competing at home and competing on the big stage but we've all had to try to pivot and adapt and adjust in the moment so being able to recognize that if you're on camera that adds a little bit more of an incentive to go hard and try to do the best that you can because you know people all around the world are watching even if w

knew there was a threat we didn't really see many mosques they were being cautious but still people alson about they were gathering in parks you know a few days later and the same population again thinking of those people in paris standing in meter parks in supermarkets people with face masks i've seen people in this reached the front row where i am really keeping their distance when they go shopping or in the street or just not in the streets all because i think people are suddenly very frightened and it's not how they felt this is not how they felt a week ago that's for sure and as i said just a few days ago when i felt a difference of course there were those closures there were those restrictions but now it feels totally different when the government saying if you go right in the street and you don't have this a printed permit you have no real reason to be in the street to find 40 year olds that could get higher and you know who are going from there i mean i think that's really reinforce the message to french people the government's very serious about this and there is a real urgency t

expansive in united states history between mitch mcconnell, one-of the most powerful senatorsn and alson grimes. kentucky's secretary of state. libbicase casey spent several days in kentucky covering this campaign. libby, what jumped out at you in terms of overriding issue among kentucky voters? >> reporter: people in kentucky are talking about two things: the economy and jobs. our team visited eastern kentucky. now, this is coal country, central appalachia country where the economy has been hit the hardest by the decline in the coal industry. some counties have 12% unemployment. even though they hear talk about the economy improving nationally and kentucky's is improving, jobs are betti getting better. they are not feeling it. >> that's a big focus. people are frankly fed up with washington. there is a lot of apathy toward washington leaders and politicians and a lot of dislike for president obama, something you have been talking about, that's echoing in senate races around the country. his approval ratings are in the low 30s in kentucky. there is also frustration generally with gridloc

that this ongoing effort will work prior and, yes, we will than the lessons to improve all in we are alson on the ground with independent experts who specialize in emergency response and disaster relief. they will advise the town on the humanitarian response in they downstream impacts. the information gathered by this whole team will be shared to inform the crisis response led in the marco authorities. i also want to pay tribute to the people and first responders in brazil whom i met last week. has beenponse outstanding in they have shown an unconquerable spirit. i would like to thank the people here in australia and the u.k. for their messages of support. my family and i are enormously grateful, so thank you from the bottom of my heart. i have been particularly struck by the support shown to us from right across the australian business community. it has made me even prouder to call australia home. rishaad: indeed, andrew mckenzie there. paul? reiterating the remarks of the chairman just a few minutes ago saying bhp's deeply sorry and 100% committed to helping them rebuild. he just describ

one other effect you are seeing are alsone pipelines closing down because of the rains in the flooding. hases like florida, which not seen a drop of rain from harvey, affected also because there are shortages and gasoline. haidi: how long will it take for harvey to come up for the markets to get ahead of harvey and start looking at the fundamentals, the supply and demand situation in the u.s., particularly as we get past the peak season? >> it is a good question. some refineries are restarting at corpus christi, initially affected on friday. the fundamental situation looks pretty good at the moment. we saw another decline in crude stockpiles last week. data will be skewed by harvey, but we saw the biggest august drop in stockpiles in 30 years. a cumulative effect there. u.s. crude production is steady, still around 9.5 billion barrels a day. the big test for the market is to see whether that demand will carry on outside of that seasonally strong period. haidi: thank you for that. our energy reported there in hong kong. to payg news, kia compensation to workers, the ruling we were expec

oil alson and national declining. we've been watching the banks as well today because of these investment banking job cuts we've been talking about. goldman sachs in particular. they cut investment banking jobs over the past few weeks. hsbc also cutting. , withof a downdraft here the exception of jpmorgan which is higher by .2%. we've been seeing a lot of money safe havens.ived the yield on the tenure going lower, bouncing off the bottom, but still moving lower. -- the 10 year going lower. the japanese yen also an area where money has been flowing in today. the prime minister -- we are seeing buying of the yen on that. biggest ruling deal -- brewing deal ever one step al?ser to approve m deal approval may restrict a be in bath's control of -- a be in inbev's control affected by+++ -- deal approval may restrict ab inbev's control of local breweries. portugal down by 2%, austria by 1.8%. luxembourg down as well. casting somewhat of a shadow across the global equity markets. shares down by 5.7%. earlier, they were down 7

matt alson uber, spoke with partner of google ventures. they are a partner of uber investors. he asked about their pr challenges. >> i think anytime you have a company going as quickly as uber is, and it is a really fast company. adding more than 50,000 jobs a month. you will face scrutiny, but we are optimistic about the future of the company. it will be one of the most transformative companies we have ever seen three >> for sure. a home run for google ventures. how was 2014, how are you doing there? >> it was extremely busy. we had 17 exits from the portfolio. we had a company go public this morning. we quadrupled our investment from 9% to 36% invested. on top of all of that, i managed to get married. it is a busy year. >> i think it is one third of what you invest in now. it is the biggest growth area you are looking at? >> it is. it is a good opportunity to make a profound impact on the world. life sciences is becoming a technology and i think there is a real chance to have an impact on the world goes beyond just trying to make people look at their phone more. but really h

alson and mercedes are planning to integrate wearable devices with their cars. it is almost that time of year again with some of the biggest names in tech descending upon the city of sin. we start next week in las vegas. with what we can expect on annual show, i am joined by jon erlichman. you are going to be in the city for this. every year there's a lot of cool stuff. a lot of perky gadgets. i question is, are we going to see anything that will go mainstream? will we see wearable devices that we want to wear? >> that is the place to do it. we are all interested. they caught our attention. you have been there and we have both spent time there. it is enormous. literally. there are 20,000 product. you have a golf cart. it is hard to see everything. you are getting to a very important point here. of these massive televisions that will be on display and some of the technology we are arty familiar with, some things to watch for our digital health reports. these highlight the fact that you will be seeing digital health companies they're showing off fitness apps and w

i'm looking at tech shares, boosted also by earnings reports but alson chip members u.s. chipmakers. i know we have -- chipmakers but also u.s. chipmakers. we have to talk about rising stocks because they are rising but it is also nothing that huge. there is a clear indication from investors they are betting democratic control of the senate will give joe biden better ability to battle -- 10 year treasury yields pretty much flat. after facing calls for removal from several prominent democrats, residents up released a video last night from the white house. bys. trump: i am outraged the violence, lawlessness, and mayhem. the demonstrators who infiltrated the capitol defiled the seat of american democracy. to those who engaged in the acts of violence and destruction, you do not represent our country. to those who broke the law, you will pay. we have just been through an intense election, and emotions are high. now tempers must be cooled and calm restored. administration will be inaugurated on january 20. my focus turns to ensuring a smooth, orderly, and seamless transition of

memphis alson in made a $40 million gift to at historically black college. vonnie: we will follow this as it goes along. get in touch with michael lomax to make your donation. the united negro college fund president and ceo. thank you. t and ceo. thank you. mark: i'm mark crumpton with bloomberg first word news. supreme court justice ruth eater ginsburg has been getting treatment for a recurrence of cancer. she is receiving chemotherapy for lay-ins on her liver. she says treatment has been successful and she has been able to keep up with her work and says she is fully able to stay on at her post. as her vibeburg bouts of cancer amid a slew of health applications in recent years. across the united states, public theyials are warning that could impose lockdowns again if people don't act to hold the research of coronavirus. angeles,s of los miami, and houston have offloaded the prospect. persuasion is not working to stop the record numbers of cases and deaths. a new poll says six out of 10 americans disapprove of the way president trump is handling the coronavi

it alson some sense takes it away from becoming a political issue in case snap elections are called. we just heard from a chief cabinet secretary, speaking in tokyo at the moment, basically saying there is no truth in this report that the government has decided to delay the sales tax. at the moment, there is growing speculation, and this is based on the report and the people who have flown into japan to advise shinzo abe on that, that he might turn around and delay this further. rishaad: thank you very much. china's economic rebalancing may be working, according to new data from australia. let's find out more with paul allen in sydney. the commodities boom is winding down, but i guess we have chinese demand for other austrian products picking up? paul: that's right. it is forcing diversification onto the austrian comedy -- economy. we do have huge rises for demand for beef, milk powder, and vitamins. bloombergues on the print side have been busy putting together a series of charts, and we will look at some of them now. tourism, arrivals from china reached one million into australia f

bias could be mitigated by not only having more people who are from historically marginalized ai, but alson interacting with these people. it is not a coincidence that the two authors of the paper you were just describing agenda for classification systems, showing how biased they are, that they are black women. if you are not interfacing with people who are negatively affected by bias in ai, you are less likely to think this problem is a big problem. emily: do you think companies like microsoft and google and facebook are doing enough to build diverse teams and trty to make sure the bias does not get rewritten over and over again? timnit: no, i do not think companies are doing enough to build ever seems and i would say this unilaterally across tech companies. there is a lot more talking about diversity van action. sure, there is some action going on, but it is not a priority. i think when it comes down to it, people in leadership positions have to make it a priority. a need to spend as much time trying to fix this problem, as they do trying to map out profit. and i do not think that people

3.2 billion euros already invested will go definitely to renewable energy, it will go to forestry and alson capturing, but how we speed up electric vehicles for home deliveries, and of course a couple of services like furniture as a service. there we are still trying and testing different models, so we will probably need another year to figure out what is the right formula for us there. guy: we are going to leave it there. really appreciate your time today. jesper brodin, ingka group ceo. a quick look at where we sit with markets. the european close is just in front of us now. we are, as you can see, seeing a slight softening in the picture for the ftse 100. the dax and the cac 40 on the continent have been trading higher. a little bit of volatility in foreign exchange today. we saw the pound jumping on comments that the ecb -- sorry, unwillingu would be to offer any more confections -- any more concessions ahead of october 15. we are waiting for philip lane to start speaking. interesting to see if his on the same page us christine lagarde. we will carry on the conversation and bring you th

but alson appraiser, in other areas of the country. atyou saw scarlet's look labor force regional numbers, where are the most distant parts of the housing market -- the most interesting parts of the housing market? thene of the big reasons northeast is lacking is because of the cost of land. land is the absolute clear problem that is shaping home building today. andorder to keep the pace, l prices have skyrocketed over the last couple years. that forces the builders to target a higher-priced audience. on top of it, as starlet was saying earlier, the tight credit conditions are why builders are targeting move up buyer instead of first-time buyers. we have a first-time buyers 30% nationally, down from the nearly 40% market share. it's harder to get a mortgage, and that is translating into what markets are going after. scarlet: do they target new homes, do they target existing homes? existing homes make up about 85% of the existing market. tough.n: it is the market share of first-time buyers are larger than the move up buyers. the problem

and you alsone have regeneron. there are lots of others with skin in the game and all will probably be starting phase one trial in june. at the end of the day you could eat that many doses if you'll be using it as a treatment. the pressure on getting doses to everybody will be a lot less that it will be for vaccine. guy: what has caught your eye over last 48 hours? where are we in the race to find the therapeutic treatment we are trying to figure out? how much progress is being made? the stories are quieter over the last couple of few days or weeks. sam: it has. what caught my eye's people have started to forget there is a virus. scenes ofee , itnstrations and protests feels like the market and the world once to move on and get back to its normal life and hope that does not trigger a second wave. developing,what is june is the hot month. we will get more data from mode darren a, we would get data -- from moderna. it takes time to recruit and get patient data. we are now moving to the phase of getting human data. th

how your revenue, higher are alson, and what we seeing his lower average selling prices and lower margins of cost. >> it's a very new industry that's evolving. each quarter we start to get more and more information and it easier for investors to model, but right now there are so many developments, understanding the total addressable market, and what products will be sold in those markets. it's really something we are learning. each quarter we will continue to see it started moving towards that. ♪ >> sap announce yesterday it is buying call tricks for $8 billion in its largest ever deal , valuing it at 20 times revenue. how transformative is this transaction? does this change your company fundamentally? >> this is the jewel in the crown of sap. it does change it fundamentally. if you can marry operational you with experience data, have the holy grail of enterprise application software. move, it's all about gross, it's all about the and ohsynergy of x data data, experience and operational data, coming together on one platform to fundamentally change the world. ♪ >> after a month-long so

as well, alson, a miss. perhaps the credit binge we saw at the beginning of the year is moderating now. also, numbers coming from the banks and trial. what economists had been penson in in hat -- had been penciling in, we are looking at interest rates there in the philippines to be cut also by 20. all right, let's get it back to tom, who was just fleshing out other bits of data, making sense of what is crossing the terminal. tom? yes, this is the dilemma , to policymakers are facing what extent they stick in the pledge not to open up the floodgates while also wanting to assure that the private sector supports. we have had analysts and economists based in beijing saying we are not going to see a big tick up financing with support. financing coming in at 1.3 billion, and the shadow banking component will be interesting once we get the numbers on that. to clawback push and pushback in terms of shadow banking, but that hit the private sector, and just more generally, on monday, there was to some of therr lenders

alson and soybeans rebounding. president trump once the fed to help him out with the trade war. calling out to match whatever the pboc is doing. futures unchanged. we will see how we are setting up for asia. sophie: futures are pointing to gains but strategists see room for corrections. evaluations are attractive enough to buy. with poor report cards from nissan and hong kong, that could it is the last heavy day of the japanese earnings season when the biggest banks report after the close. we are waiting on samson's quarterly business report. this wednesday we will get results from tencent and alibaba which will offer a. check chinese -- a pulse on the chinese economy. ahead of all of that 10:00 hong kong time china will release monthly activators -- indicators that will show continued rebound out be it at a modest pace for april and we will get figures from india and indonesia. korea's on implement rate and australia's wage data also on tap. was get to first word news with jessica summers. reporter: president trump has defended his china strategy saying it is a squabble. he ins

you can alsone, find it on tv and the radio as well. bloomberg green. this is bloomberg. ♪ guy: breaking over the last couple of minutes, a u.s. senator saying the cdc is about to confirm a third case in the united states of the coronavirus. we are going to get those reports, i suspect, very shortly from the cdc. market reaction thus far is we have seen u.s. stocks dipping a little bit lower as the -- heren has progressed in london, and the afternoon, in the morning and the u.s. -- in the morning in the u.s. it is likely to be confirmed within the next few minutes. we are down 0.3%. vonnie: hong kong is confirming five cases now, and in the u.s., senater richard blumenthal saying that it is far from undercontrol, this coronavirus, which is very unusual for a senator to come out and say. we will definitely monitor these headlines as they come. time now for your latest bloomberg business flash. boeing's newest plane takes to the skies today for the first time. -9, the first of the 777-x range, is the first new model since the grounded 737 max. , it's wi

was alsoner involved. it may not be a terrible exit strategy if you are gary cohn and want to get out of the white house. he has said publicly, very happy in my job. on bloomberg tv. ands the head of the nec, that is a cool job to have, also held previously by two former goldman sachs guys. talking about all of these former goldman sachs alumni. no one from goldman sachs has ever run the federal reserve. it is the only thing they have not done. you would think it would have to be something of a triumph for him, but we don't know if he wants it or if you will get it. david: what have you discovered about what kind of departure this may be in for the fed itself? right now we have a distinguished academic labor economist running it, and we are talking about bringing someone in who does not have a phd, is not an academic economist. yellen is very distinguished, before that we had bernanke, greenspan. voelker, if i remember correctly, was the last federal reserve chairman without a phd. we don't have phd's but

. -- bloombergcome spoke to charles evans who said -- he alson commented on the possibility of a december hike. hikes this year would indicate one more this year. i am comfortable with the expected path embedded in the medium of sep's. i think my own take on a neutral rate is 2.75%. getting policy to a restrictive setting, 3.25% would be consistent with the strong economy and inflation we are looking at. : you like the idea of a december hike? >> i am comfortable with that, yes. guy: it is sometimes nice to play with the rules. in terms of the data, there is a slight softening of late, does that concern you? >> i think that inflation picked up in a nice fashion, we are at 2%, a touch under given monthly data movements, but it has improved significantly in the last couple of years. i have been saying for quite some time we need to provide accommodations, we got to 2%, so it is completely fine. you go above 2% for some time, we ought to average 2% or be above, getting inflation up to 2% is quite an accomplishment. i think we are well-positioned to continue with inflation at our objective, p

is alson work speed making the necessary preparations to distribute these life-saving treatments at scale, so we are talking about massive numbers so that millions of americans will quickly have access to them. this includes ramping up production of supplies needed for distribution, and i have to say we are also very, very much involved in other things other .han the vaccine if you take a look at what we are doing beyond vaccines, it is going to be very interesting. we may talk about that in a little while. this includes ramping up production of supplies needed for distribution such as cold chain storage, glass vials, needles, more. when a vaccine is ready, the u.s. government will deploy every plane, truck, and soldier required to help distribute it to the american people as quickly as possible. have thes blessed to most brilliant, talented doctors and researchers anywhere in the world. we have the mightiest military by far in the world. our military is completely rebuilt. much of the quitman has been delivered. some of it is on the way -- much of the equipment has been delivered. some o

hishas alson reversed stance on the nuclear missile shield and promises to raise the minimum wage. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. sophie: a few stories playing out in the asian section. resurgent dollar strength on the passing of the budget resolution. that is dragging currency which is already under pressure. on the decline, despite the rise we see in iron ore. and japanese stocks are reversing the morning's loss. the nikkei could flop for another day. the hang seng is recovering some of its 1.9% drop. extending the are decline on day three of the party congress, and the one is continuing to depreciate -- and the yuan is continuing to depreciate. a last look at the home thing, there is a three day drop to 5% is beingver added after tumbling 7%. this is value for the third quarter at 20%, instead of 21% estimate. ♪ emily: this is "bloomberg technology." i am emily chang. back to our top story of the day, lyft's blockbuster funding round. the ride-hailing company pulling

so you get to entities, allianz and a late stage company that understand how to serve the alson business model that have the patience and means to really develop the right solution. want to focus now on those companies and provide from the very beginning. a very short impact time and the right solutions to our customers. ? thank you for joining us, great to see you this morning. let's get to our stock of the hour. we chose southbury. -- sanisbury. the stock down 13% as they get bad news. cma said that even the sale of a large number of stores, which was previously discussed, not necessarily resolve the concerns the company might have to selloff one of their two well-known corporate brands to win approval. that is something they said a fundamentally disagree with. we will see what they have to say us feel wake up. coming up, don't forget, terminal users can interact with all the charts that we use. there will be plenty more charts to come your way through. up next, battle of the charts. this is bloomberg. ♪ anna: welcome back to the european open. 54 minutes into the trading day, a posi

think from china we need to see consistent numbers that alson trust and you can see a positive trend. you listen to these experts talk about china and they say, we are going to see a short-term gain. that does not strike me as a sort of market i want to invest in. guy: what do you think, mr. miller? i will give you the last word on this. matt: look, it is an incredibly high risk investment. anybody who invests in china is really making a bet. it is more about gambling because of the incredible volatility there. and you don't see the swings in the chinese equity market correlated well with the moves in the chinese economy, as well as you would in other economies. guy: i wonder if the chinese have moved on from talking about equities. they are now focusing on steel and cotton and everything else. i am wondering if it is a regulatory story, if regulators are trying to catch up with the market. so, i just wonder whether the chinese market is a little bit easier to invest in now. charles: it might be, but i think matt's point is, it is very speculative. guy: but it little bit less speculat

curve thatlow rate allows other currencies, when , but alson europe higher-yielding currencies in e.m. to start improving as well. anna: investors are having to get used to watching the late-night twitter activity of president-elect donald trump. its entertaining you, and i know some of the things about china are entertaining you. i pulled up this chart that has the yuan in the yellow and the outflows of the economy in the white. what is the end story on china? peter: i think this is one of the biggest stories in 2017. what is happening between trump and china is concerning investors. and people in china, saying this is going to become less stable more likely. they want their assets out of china as fast as possible. i believe they are taking steps to try to dissuade people by pushing up overnight borrowing rates very aggressively and make them pay for every time they sell a chinese yuan. i think the big story that will -- if trumpkly sparked a trade war with china -- but not a actual trade war, .ut a verbal trade war it empowers china to create an economic union in asia. asia's countr

alson's accusations predate. it looks as if both cases have been sucked into the broader rhetorical fight we are seeing. caroline: is all within the chipmakers in general. nvidia down 25%. >> nvidia has the problem of telling investors something was over and then three months later saying it is not over yet. and then coming back three months later and saying it is still not over. the problem they are having is a credibility issue. in general, they were the stars of the show. over the last couple of years, so much money has come into that stock. now people are beginning to say if we are going to take money off the table, chipmakers will take it away from those who overshot what they are capable of delivering in earnings. lisa: give us a sense of whether the selloff in these chip stocks has been overblown given the fact chips will be in everything. they will probably be in your table. >> right. this is the debate raging now. companies have said and investors have believed they will be in everything. markets have wh

group is alson expected to vote against him. the prime minister says he won't resign. house u.s., the white says it expects the north korean delegation to visit washington today to deliver a letter from kim jong-un. donald trump will meet a north korean delegation led by the former spy chief. after several weeks of to mull to us diplomacy, any decision on whether the summit will go ahead in singapore may be announced then. the president of the st. louis fed has said the central bank should stop normalizing rates until there is evidence inflation is picking up. james bullard made the comments in an exclusive interview with bloomberg in tokyo. that faster gdp growth by itself is going to indicate that inflation is going to move up. any faster than it has in the past. juliette: global news 24 hours a day, on-air and tictoc on twitter, powered by more than 2700 journalists and analysts in .ore than 120 countries this is bloomberg. matt? america's closest allies will impose tit-for-tat penalties after the u.s. confirmed tariffs against them. we even her just now from peter

that the tariffs are to protect alsonal security, is it does say that it is for national security to the tariffs on u.s. goods? >> no, we do not find it convincing that steel and is of a broader u.s. economic interest. useful components, enabling american companies to produce better products and be more competitive. we really don't believe that case has been made. the imposition of our rebalancing tariffs is based on wto rules. when a country illegally or unfairly imposes tariffs coming have the right to rebalance. we are not claiming there is a here.al security interest on the contrary, we don't see how a question of national security could arise between such close allies as europe and the united states. julia: why do we think this has happened? eu has done that everything they can to reassure the united states. we have wilbur ross saying that it wasn't enough progress made in discussions. but the eu tensions are not the only issue we have. the an estate is fighting with china. they have been i enable -- been -- theyo a ground after have been unable to agree on nafta. we have to ack

says he does not see an alson sight here and mentioning that it is final. that is despite wanting to allow the ruling for election candidates to be vetted by a committee. the result so a sinister tone thet what is fueling movements. there were external forces behind it and would not go into detail. this is not just a domestic effort, rish. >> right. as you alluded to, they're slated to take lace on tuesday. how are they positioning themselves? >> students say they are entering into these talks with a bit of pessimism. they are not sure they will get or solutionstical in that regard. these talks really are not going to influence where they will take their movement next, but cy leung is open when it comes to broadening the scope of the nomination process. there are more candidates for 2017. he wants to meet face-to-face with students and hoping to do so. those will begin tomorrow afternoon, rish. much indeed.very more on the standoff coming up as they refer to these talks tuesday. that is what they realistically can expect. you are watching "on the move." ♪

i want to take you back to paul sandals and who wrote a text -- alson who wrote a textbook. it was iconic. him, whiched it to chapter should donald trump read? larry: i do not think that mr. trump's problems are what he does not know, it is the things he knows. reporter 1: give us one of them. larry: it is the conviction that mercantile protection drives prosperity, which i think all economists would agree is a confusion. somehowe belief that you can base a capitalist system, not on rules, but on individual ad hoc deals. i think that is another one. be ther 1: what will ramifications of this near was in that we hear from secretary ross, we hear from the president, what will be the outcome for the that hard trump supporters -- die hard trump supporters that will be at capitol hill at noon? larry: ultimately, their incomes will be lower because they will be paying higher prices for the products that they buy. ultimately, they will be for ercause of the cycle -- poor because of the cycle protection that will begin the economy. and once it goes through exchange rate, it will be

affect alson that in the growth across the industry. we are growing at the lower end of the rate. grow justr we will above 1.7% and for the whole year it will be around 3%. but we have grown a lot in the last two years, about 20%. we have taken some very strategic positions. the number one and number two positions at primary airports. it is a reflection of a period of growth and now that the demand has been more challenged when you look at the deal and environment, most airlines are looking to mature their growth and continue to focus on delivering and optimizing their results and that is what we are doing as well. some: you did benefit from issues with your rivals in terms of strikes. how much in your numbers was due to that benefit? that might fade away as it were. johan: we recognize the benefit of about 10 million. not a significant improvement. the significant improvement we was really self-help initiatives. we reduced the cost significantly by reducing the number of cancellations we have. we also reduced a lot of the 24%er delays that we had, of three hour or longer delays.

is alsonational tax law an important game changer. thank you for that. will have more analysis on narendra modi's first year in office so far. ihat is the 12 months of mod special. next, we will take you to the consumer electronic show in shanghai. why people believe this car will be the next mobile device. ♪ rishaad: convergence of cars and consumer electronics at ces asia. the car is being touted as a mobile device. stephen engle asked tim pinsky for his views. >> what is a car doing at an electronic show? >> it is a convergence of all electronics. how many semiconductors? >> you're talking millions in his vehicle. we are seeing the convergence of technologies. this is one more of those. are wer: how far away from having pilotless cars on the road as a mass product like the smartphone? look at global trends, we are seeing urbanization, congestion. when you take those problems and look at how you solve them, a vehicle like this does fantastic. because every time you stop, the engine is not running. the braking energy is going back into the battery. it

and alson idea why, the implications. is the timing interesting? rish.it is, obviously, we just had a presidential election. joe biden the president-elect even though president trump has not conceded to him, but this order comes ramping up more pressure, attempting to ramp up more pressure on china, and it would take effect on january 11, nine days before the inauguration of the next president. is it allows investors and firms to divest any of their holdings in 20 chinese companies that the administration has said have links to the chinese military, and that they could do that over the coming year. basically, they are putting in process another in a series of attempts to ramp up pressure on china, and this would be coming just as a new administration would be taking over. it's quite interesting. he seems to be tying the new administration's hands. we will see how that plays out. we are waiting to hear reaction from beijing. they have in the past said they could reality -- could retaliate with u.s. firms. why does it appear that trump is pulling bac

season alsonings underway, that is looking pretty healthy. you have many companies upgrading their profit forecast. sony, japan airlines, that could quickly take a look at this function on the terminal. the ea function. that is going to show you the health of the earnings parade so far. 541 companieshe that have reported, a small majority have delivered a beat on the top line and more have a surprise to the upside. this again reinforcing that picture for policymakers. that has theoj policy likely to maintain its super easing strategy. etf purchases, because that was reduced to the month of october. betty: that's right. as you mentioned, looking at some of those economic reports in japan and the boj meeting, more than 800 companies are expected to report results this week. sophie: this is the cut that i mentioned that is going on with the topix and korea. we have the kospi at an all-time high. we have plenty of earnings we will be keeping an eye out for. take a look at the futures for the kospi, looking to hold above that 2500 level at the ope

now, 1.9% up consumer price inflation, also may, and alson the earlier part of the year, 2.3%. it has come off a little bit. juneprices were up 4.5% in , eggs, fruits all lower. landfall,storm making industrial and agricultural , that could hinder transportation and damage crops, so we could see food price inflation pick up again. really benign. inflation'sderlying , so unlikely to see a rate cut. you do have this food price inflation, property prices increasing as well, also deflation easing, so again, bloomberg intelligence says a doneincrease in ppi has more to lower borrowing costs than six interest rate cuts. do not underestimate the easing of ppi. if we get will see that 6.6% figure for gdp on friday. thank you so much. some other stories making may bees, takata reaching out to 20 possible buyers. firms are said to have expressed interest. restructuring as it faces billions of dollars due to recalls. won a convincing victory in the upper house elections. s party has 53 of the 121 seats. its coalition partner has 13. abe may be able to piece together a two thirds at -- two

stephanie: this will be one of the times when alson professional investors record of to work for their money and one half of the street has one view the other half is the other, and we look at the vix compared to the ctx can and investors cannot just go along and strong and ride this out. it is going to be one of those years that separates the men from the boys. the wheat from thepeople say the wheat from the chaff. tracy: let's do a bit of an outlook for next week. we have not had a lot of u.s. economics lately. we get a whole bunch next week including your gdp numbers and revisions to gdp. normally the focus would be completely on gdp. this time we are looking at productivity because productivity has been one of the major mysteries in the u.s. economy for the past three years. it has been stubbornly low and a lot of economists cannot figure out why, but that cannot figure out why. matt: after it was amazingly high. tracy: if we see it is revised significantly higher, then someone was worried about something that was a data issue. we had guys like goldman sachs saying the reason that

former unit,any's white wave, which provides alsonative milk, nut milk, a solid line. those shares are up after they and thestimates earnings forecast. and let's look at the weight-loss companies. we of been watching the tale of two cities of weight watchers rising today -- we have been watching the tale of two cities of weight watchers rising today. you'll remember, oprah winfrey took a 10% stake that she revealed last month. those shares up 3.5%. nutrisystem, however -- no particular catalyst today, but the stock is underperforming its competitor, down 5%. if you look at my terminal. i go back to when oprah revealed its stake in the company -- this is weight watchers, obviously. nutrisystem, just about flat. quickly, if i can switch it to your today, we have seen nutrisystem outperform. weight watchers is still down on the year, which i find incredible, given how much it has gained since oprah revealed her stake. scarlet: the oprah effect does not carry that far. julie: not yet. alix: does it have a dividend? it does not seem too. interesting. scarlet: no dividend. b

alson mandela was not just hero of our time but a hero of time. >> nelson mandela was a giant and humane inspiration. >> mandela leaves his country a important principles to govern by. but how will south africa, a nation still on unsettled his legacy and move it forward? we want to bring in our panel. nadine worked with president on antiapartheid chain issues. jake bright with a special focus african business. and the chief executive at the foundation also jin joins us on the phone from south africa. you did work alongside president mandela. you were a member of the together team that put his book. and you've also been actively fighting for human rights in your country. how do think president mandela's legacy will help shape south africa's future? >> good evening. played hisela has part. viewers. remind the nelson mandela, three terms. famous speechhe "don't call me, i'll call you." the third time being when he then said "in your hands now to difference." this was in 2008. significante three moments where nelson mandela takels it's time to leadership, take ownership of this legacy. to it

citi is alson, known for its credit card business. is that incur -- is that an encouraging sign for the consumer or should we be worried about over leveraging? kathryn: the consumer is certainly improving in terms of optimism and spending habits. iwould not be consumed -- would not be concerned entombment -- in terms of consumer leveraging. next -- when you get banks doing better and increasing their lending to can stash to the consumer, that is a good sign and this being a -- lending to the consumer, that is a good sign. back to your question on the fixed income trading and market share, a few important metrics we are going to hear next week. deutsche's reporting next week, as some of the talks have accelerated. we get more headlines that signal to us that first quarter may not have gone so well. we will see a little bit more next week. lisa: this is interesting. allison: how much of it is further share gains from the europeans? allisonloomberg's williams, thank you for being with us. kathryn rooney vera of bulltick will be sticking

alson, the data collection has a caveat to it. james: again, i will make two quick. points. one is the velocity of the situation we are in the middle of right now. unemployment numbers versus claims will differentiate foray ap period of time. when we look at employment in the u.s. sectors most hit by the crisis, we saw almost a 50% employment loss. those sectors on our numbers have rebounded about 50% of that decline. again, we are seeing this resurgence so we expect another downturn in some of these employment numbers. the second point i would highlight directly to your question is we are in a somewhat unique period of time where anything on the planet that can be counted is now available as a primary data set. at jp morgan and other organizations, we are actively tracking mobility statistics by city, bites up a location in away we never had the capability to do before. we are tracking app usage data, geospatial data. so, the ability to see through to what people are actually doing versus what they claim or what the answer to a survey makes this a very different situation t

are alson the u.s. pulling back, whether you're talking more about the business brokers, goldman sachs -- goldman sachs or morgan stanley, or finally the reach also declining in today's trading. helping to lead the declines there. you so much, julie hyman. now that the bank of japan has negative interest rates, speculation on whether the federal reserve to do the same. only last week stanley fischer said that negative rates had been pretty effective, more so than he expected. wrote aboutaggs this very subject for bloomberg news and joins us now. we have seen analysts saying that negative rates could be the real deal, so take us through it. alexandra: they were thinking about this back in 2012 and the fed roundup deciding to do qe or by bonds. back then people were really worry that negative rates would make everyone can call their money from the banks and just get a big fault and put it all in there. but europe has introduced this, the bank of japan just introduced this, and it hasn't been happening. th