he was wearing mark's hat, mark's coat. and closed the car door and then proceeded to like scream down the driveway, which mark would never have done. keith morrison: did you call out to him or wave? i waved and i went i hope that's mark. keith morrison: i hope that's mark? well, of course, it must have been, stephanie thought, rushing a bleeding ding to the vet. about 20 minutes later, stephanie walked up to the house to use the bathroom. this time the door was unlocked. but this was weird. before i even got to the door, there was this immense smell of bleach. keith morrison: bleach? yeah, like, it took my breath away. keith morrison: and inside the house. there was three wet, what looked like blood spots in the hallway, that had obviously been just cleaned and they were still drying. keith morrison: perhaps ding had bled on the carpet and mark had cleaned it up. but why would he take the time? he wouldn't stop and spend half an hour cleaning. his main thing would be getting ding to the vet, then getting to his appointment

mark? mark: what will mario draghi say about extending qe program and what it means for the european economy. that is next. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. the european close just 15 minutes away. vonnie: in new york, i am vonnie quinn. mark: frederik ducrozet is still with us. you tweeted yesterday, "brace a ecb landmark decision on thursday. " frederick, let's get down to the nitty-gritty. we did a survey that suggests economist believe there will be a reduction the 30 billion for nine months. is that in tune with your thinking? >> yes, indeed. i think the ecb's communication has been a remarkably clear and consistent for this future expansion of qe. it does not mean there could not be any surprise by the way. there could be some details december unveiled in when it comes to qe composition or investment policy which could all help to surprise the market. the bulk of the decision will be consistent with a longer qe extension. even the hawks at the ecb s

(mark) parents... (mark) (mark) parents... don't blame yourself if your child is a picky eater. it could be genetic. that's according to a new report from the university of illinois. researchers say there are two genes that are related two to different types of picky eaters. the first gene is related to children who don't like how certain foods taste. and the second is linked to fussiness and tantrums around meal-times. researchers say this takes some of the blame off parents if your kid is a picky eater. (dave) tracking your morning forecast... the world according to gary is after the break. (darya) devin funchess makes a touchdown running so many routes. (darya) <"...seeing your receivers play well. devin funchess has seemed to really embrace the physicality of his routes and making -- getting those extra yards. does that give you a little bit of enjoyment to see him kind of truck stciking people out there?"cam newton/carolina panthers quarterback:"it's funny to hear a female talk about routes. like, it's funny."> (darya) at the time... panthers quartback cam newton said it wa

mark: great job. next on the oh -- , catalonia'se regional government may decide on whether to declare independence from spain. theresa mayinister is interrupted by a protester who walks right up to her onstage as she was giving a speech of the conservative party congress -- conference. this is bloomberg. ♪ ♪ live from bloomberg world headquarters, i'm vonnie quinn. mark: counting you down to the european close in roughly 12 minutes. let's get to the spanish story. spanish bonds stocks slumping. continuing to reverberate around markets. yields on the 10-year note rising to the highest level little more three months. the nation stocks falling the most in europe. on the news catalonia would release a statement. the leadership dismissing the condemnation of king felipe a, asserting nothing will disrupt them from setting up a republic. maria is in the heart of catalonia. it's a countdown for the atalanta president's speech. what will he say? maria: we are waiting for this statement because he was mean

mark, rod, back to you. >> rod: wow. >> mark: cassidy, that penalty, rod -- really changed the complexion of things for miami with the run they had no success with and now they're looking at fourth down and not in field goal range. >> rod: well, you talked this one over. you have to figure out, is there any way, your kicker, can you make this? you have no choice you have to go for this on fourth down to give yourself a chance. >> mark: it would be 60-yard field goal. >> rod: on a wet field. doesn't make sense. >> mark: his career long is 57 yards. it was against georgia tech. in 2015. >> rod: it seems to me that your best option is probably langham, the hero from last week. give him a chance to go up and make a catch a. >> mark: berrios the inside receiver to the bottom of your screen. that's where they look. taken a shot. caught by langham! another magic miracle by miami! and in field goal range. >> rod: oh, that's the matchup. that's the one they needed. they should have been looking to and now you have a shot. >> mark: and they spike it. stopping the clock. . only played two plays last

bay bridge wb 80 is less then 30 min from the maze to sf. ( mark ) ( mark ) ( mark ) the gulf coast is preparing for a possible hurricane over the weekend. tropical storm nate has already killed at least 20 people across central america. it's not a hurricane yet, but the winds and rains from tropical storm nate still managed to ravage parts of honduras, costa rica, and nicaragua. nate isn't anywhere near the size and power of irma, harvey or maria, but officials on the gulf coast aren't taking the storm lightly. <"don't underestimate this storm, because you think it may be a tropical storm or a category one. those are serious enough. it could be worse than that, however.">( mark ) the national hurricane center expects nate to strengthen to a hurricane before hitting louisiana late tomorrow night. ( darya ) the family of a british climber who was injured last week during a rock fall in yosemite says she is recovering. lucy foster's family says she'll return home to england once the hospital's trauma team clears her. she and her husband, andrew foster, had climbed el capitan and were at

mark: "the belly of paris." >> i want to thank mark and rick for doing a wonderful job. [applause] [captions copyright national cable satellite corp. 2017] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] you are watching american history tv. 48 hours of programming on american history every weekend on c-span 3. c-span us on twitter @ history for information on our schedule and to keep up with the latest history news. this weekend for book tv live at the texas book festival. coverage begin saturday at 11 a.m. and includes "code girl," "thursday night lights,' kevin young, the author or "bunk," ice," and "the life and times of michael a." the shadows, undercover in the world of human smuggling," and "life in code, a personal history of technology." our live coverage starts at 3 p.m. eastern on sunday with carol anderson and her book "w hite rage." the battle for, horse racing dynasty." authors ofvin -- exposing, rape -- " festival live saturday on book tv. >> this weekend on american m

mark: live from london, i am mark barton. we are nine minutes away from the end of the session, inflation climbing to a five-year high. mark carney says a rate hike may be appropriate in testimony earlier today. he indicated inflation may peak soon. >> it is more likely than not that i will be writing on behalf of the mpc a letter to the chancellor. we expect inflation will peak in around the october, november figure. peeking potentially above the 3% level. mark: joining us, john roe, legal investment management, head of multi-asset funds. quick peek at this chart, sixthr milestone, the milestone in six months. the 1000 point climb from 22,000 took 76 days. there are some stats. where does it end and when? john: when is obviously the killer question. this year has been a supportive year. a good job.ne the u.s. is not the top-performing equity market. emerging markets probably 10% higher this year so even though you have had all those milestones it goes to show what can happen if nothing goes wrong with european politics. infl

mark: why so dovish? if it was slightly on the board oversight given the data, which is showing the economy has gained traction, why did draghi feel the need to fear on the board oversight -- veer on the more dovish side today? eric: there is a major challenge, which is to keep the level of interest rates across the curve under control. we have to recognize that there is a need to get out of the negative interest rates that still are the rule on the very short end of the curve, but also, not long-term yields to whatase too fast and avoid has been the situation in the u.s. market back in 2013. so i think this is the reason why there is a high level of consciousness. this was a very important rendezvous because this is the first time we have a recalibration. this is a very important step. the totallls us amounts of assets they are going to buy in the market, and this is a big step for the market. mark: what does it mean come all of this, for our fixed-income strategy? have you shifted, change your status in

mark: i've got a chart here. a correlation between the euro and the euro stoxx 50 leading up to the issue you mentioned. does the ecb boost the euro and thereby have a detrimental act on european earnings and equities? like that simple or bad. the real issue in europe is getting investment going. that is happening now. we have a robust recovery emerging. if the euro goes up more, that can help returns for u.s. investors in european stocks. i think europe will do well with a higher euro area -- euro. you as ie got to ask am in london, some are suggesting that maybe mark carney if he hikes rates could make the mistake some of his fellow central bankers did in the past. might it be seen as a big mistake given the economy if the bank hikes rates next week? david: i think the uncertainty about frexit and the level of sterling might you reason to hold back. the bank of england has so telegraph a move that they would undermine their own credibility by doing so. given where they are right now, i think they will go ahead.

mark: i am mark barton. roughly 17 minutes until the european close. dutchsee how saudi and saudi arabia's investment fund is holding its investment initiative. erik schatzker has been talking with global business leaders and joins us with one of the biggest names in private equity. erik: mark, that would of course ler, ceo and cofounder of ares management. 100 $8 billion, nice to see you in riyadh. s have anudi extraordinary amount of money to invest but there are a great many investors. some money and money managers, not everybody can get everything. how competitive is it and what is your key to getting the saudis to work with you? tony: i think they have a very long-term perspective and how they are trying to invest their capital and they are also very focused on having a two-way street with investment professionals and investors. to they bring investors region and make quality investments around the world? i think generally you have to separate yourself by doing something particularly well and being able to evidence that you have done it over the p

this is bloomberg. ♪ mark: live from london and new york, i'm mark barton. vonnie: i'm vonnie quinn, and this is the european close on "bloomberg markets." rose 2% afterr they announced the sale of its finance unit to germany's basf. this helps clear the way for a $66 billion acquisition of monsanto. joining us with maurice taylor riggs. taylor: the company acquiring those assets, the shares were higher a little bit on their now seeing a decline as the company is have to shell out about 6 billion euro for those assets. it will help clear the way to get this year done. , theiru look at bayer share prices done pretty well since they announced the purchase. analysts coming up this morning saying this deal was good for them. not just for basf and not a surprise is a lot of divestments were expected in order to be able to get that deal done. the: tell us more about crop science building -- business they are obtaining. taylor: it's the biggest acquisition ever for basf in the herbicide business. that segment when it was a part of bayer generated $1.3 billion in re

mark: and i am mark barton. let's check in with first word news. >> president trump will speak with controversial looking president -- with the controversial philippine president next month. he has threatened to cut ties with both the u.s. and european union win in the acid or's complaint about his actions. coalition retained its majority in the lower house. run in the longest record. abe's win means he is likely to continue his policies of monetary easing and fiscal spending. ,ccording to the new york times the u.s. conducted secret operations in afghanistan. u.s. contractors are working with afghan forces to hunt and kill the telegram should u.s. secretary of state rex tillerson oversaw the meeting of a new alliance aimed at countering iran. because the relationship between aq as vital to ir peace and security. there are less investments in british manufacturing due to brexit. less on new plant and machinery in the past few years. one third of companies say that brexit has not affected their plans. global news

mark: i think they can. i think under bernanke and yellen we have had a robust environment for financial assets. you have seen not only bonds do well, but equities do well. the challenge is because the global economy is doing decently and because it is likely you you are going to start to see inflation in developed markets gradually pick up, the ability of central banks to provide that tailwind for financial markets, i don't think it is going to be as robust as it has in the past. and by the way, that is independent of the new chair. but the new chair is going to create a potential volatility for markets. so it is something i think that is going to be a headwind for asset prices. tom: jim, i want to go to you with the last question. the non-sophisticates out there say yield higher, price lower. is anyone looking for an almost bear market in bonds? is there anybody out there calling about price downwards upwards painful? jim: i'm sure there are some people looking out there. look, we are all getting used to t

mark: exactly right. and so we took a lot of my experiences and his experiences and we tried to make it very experiential. what is a entrepreneur? you know, what do you want to be when you grow up? the goal? it's interesting. "shark tank" is kind of the american dream - for business, isn't it? - no question. that's why i do the show. it tells, you know, 20 million people an episode that the american dream is alive and well. doesn't matter if you're from iowa, idaho, indiana, california, new york, doesn't matter, right. there are people that walk onto that carpet that this is their last shot. they put everything that they have into their companies. and we give them a chance to make it bigger. some that are successful companies and we get-- we can help them become even bigger. there are people you've torn apart because they haven't thought it through. you are so full of ( bleep ). there's no chance on god's green earth that this deal could ever possibly close. ha-ha! ( grunts ) no. worst presentation ever.

mark: let's talk about u.k. politics, theresa may bowing to carry on as prime minister despite members of her own party calling for her to step down. >> what i think is necessary for the country now, with the country needs is called leadership and that's exactly what i'm providing. i'm providing that with the full support of my. with what seems to be a plot to oust her, can may keep calm and carry on with plans for brexit? i want to bring in tim ross in london. to get lawmakers needed the process going. we hear there is 30. cling on? tim: i think she can. it's not really quite the movement against her that you would need to garrett of her, but it doesn't mean that she's going to be safe forever. the geithner has been leading this move against her says his group is growing. we will have to see just how big it gets. it's been a series of bad weeks, the election is number one and that's got a be difficult to surpass. where does this fall? tim: possibly equal first, a very close second. after the election it seemed

mark: relatively small. emily: we will have to leave it up to the imagination as far as what small means to mark cuban. dallas mavericks owner mark cuban there. always great to have him here on the show. coming up, we are going to be talking about google and the tech giants now under a microscope as part of a wide-ranging investigation into how russia used social media and the internet leading up to the 2016 u.s. presidential election. new details on the investigation into google via gmail and youtube, next. news, like bloomberg check us out on the radio. you can listen on the bloomberg radio app, on the web, and on sirius xm. this is bloomberg. ♪ emily: as part of a wide-ranging investigation into how russian linked operatives harnessed social media during the 2016 u.s. election, lawmakers are focusing on google services including youtube and gmail. the senate has called google to testify on november 1 with executives from facebook and twitter. e-house panel is focusing on any materials in russian ad buyi

mark: i'm mark barton. this is bloomberg markets. ,atalonia is under threat madrid taking over the place over the weekend and cap lawmakers and bureaucrats away from their offices. spanishing in our colony reporter, maria. what charges are they facing? good afternoon. no signs of tension. it would seem no human shields, so to speak. i want to say we've got news from the state prosecutor in madrid. -- he wasssed charges ousted in office him in a of sedition which carries 15 years in prison. the most serious charge is rebellion against the state. that is potentially 30 years in prison. we talked about who paid for this illegal referendum. it is the rest of the regional cabinet and the speaker of the catalan parliament who will also be charged. vonnie: go ahead, mark. tok: is there validity [indiscernible] fled to brussels? another surreal turnout. fled the country, he is in brussels. the idea is to he is potentially going to seek political asylum. apparently there are five members of the regional government who have left spain and are

emily: thank you, mark. expedia ceo mark okerstrom is joining us. a lot of this has to do with the cirque -- circumstance -- hurricanes. how much of it has to do with the weather and problems in the core business? mark okerstrom: i was a short-term results are all about the weather. in the quarter, 15 million to $20 million of impact from the storms. we expect another $10 million the next quarter. we are investing into strength. we have, over the course of the last, really, three years, tripled our ability to add new properties, bringing new properties onto the last four. that is strength we really want to invest into. we have taken home away from an online listings business into a real e-commerce business. we are investing into that strength as well. the reaction is a combination of for towo, and we look demonstrating solid results in the back of the investments we announced yesterday. emily: if we continue to see adverse weather patterns due to climate change in the u.s. and worldwide, should the market reevaluate expedia and the travel industry a

) and i'm mark danon. we will have much more on the overnight developments in las vegas in just a moment. but first we want to get a check of weather and traffic. (james)it's another chilly start to the day with 40s inland and 50s by the bay. the skies are clear and the harvest moon is nearly full. temperatures this afternoon will rise a couple of degrees over yesterday's numbers, but still run fairly similar. expect inland highs to be in the low 80s; bayside temperatures will warm to the mid 70s; coastal communities will peak in the upper 60s. winds will be calmer today. the red flag warning has been canceled. looking at the rest of the week, inland highs are still expected to warm to the upper 80s by this weekend. sunrise in san francisco is at 7:08 am. sunset is at 6:48 pm. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. ( mark ) our top story this morning... investigators continue to search for a motive in the concert shooting that killed 58 people in las vegas.( darya ) m

this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. vonnie: live from bloomberg world categories in new york, i am deaf world headquarters, i am vonnie quinn. audi has expanded its product and improve vehicles. market share in that time have ofe than doubled for audi america, will it be enough for them to catch up to bmw and mercedes? himself, ask the man the audi of america president. >> i believe it will be enough but the most important thing is to execute your corporate plan and not chase companies and other people's businesses. we have the next getting our plan for the last 5-10 years and it is working perfectly. we are drawing more sales and getting more shares and are more profitable. vonnie: consumer reports naming audi the best overall brand or vehicle quality. you are selling 210,000 vehicles or thereabouts. what is the plan to increase the man for audi -- demand for audi? >> we will continue to lunch great products. the second thing that is happening is we are becoming more of a national brand. we have been historically stron

(mark) big board. stocks are (mark) (mark) big board. stocks are inching higher in early trading on wall street a day after the market closed at its latest record high. (mark) a traffic crackdown produced some intresting interactions for officers.( darya ) stanely roberts shows us on this edition of people behaving badly. at a california highway patrol pop up commercial inspection stations, all types of vehicles get waived in like this tractor which turned out to be a city of sunnyvale vehicle nats: ambiance so a santa clara count sheriff deputy who is also working the inspection station has a chat with the driver since there are no plates on the tractor it needs to be on a flatbed nats: ambiance this big rig had some issues that need to be corrected for the truck could take off if appears that the nut has come loose off the u-bolt that holds the air tank now you know the danger of that right absolutely what is it the air line could come off and i could lose all air pressure in the truck and that could be a major issue however, let's loo

how low can they go western mark mark: it's a matter of scale. as our business grows faster, we become able to offer product lower races. that has been the secret of growing our range. to reason we have been able row quickly is because we offer a low-cost solution that appeals to individuals and big institutions. as they pour more money into those vehicles, we offer the products and efficient prices. the answer is we are already low. is over the long haul, we will be able to offer things more efficiently. that was thatt you would lose some margin of run and make it up in volume on the backend. are you there yet western mark -- yet? to our initialck investment in one year. our in biggering and bigger volumes and we had anticipated. they are getting more and more price sensitive. they are using a lot more of our audit. that means they win and we're doing of a. we are consistently thinking about how we offer our products and -- but it's. we dropped down to nine basis points. that is the way. i'd week after the next opportunity? we will call you. >>

mark. >> action. >> ah zpchlt. >> scary, huh? >> oh, mom. why? >> i spent eight years in new york shooting the show "royal pains." to save money, i lived in the apartment that my parents owned. >> i'm only staying here temporarily. >> oh, we'll see. >> my parents were in one apartment. i was right next door. every morning, my father would come in in his tightie-whities and say, mark, what do you want for breakfast? >> are you hungry? >> thirsty? >> cold? >> for 18 months, my brother, his wife, and baby were on the other side of me. >> don't mind me. i just came to get my breast milk from your fridge. >> reporter: in the show, mark plays a recently divorced actor. but in real life, the 46-year-old's happily married. his wife of 12 years, dana, is an executive producer on the show. >> it's been kind of amazing. maybe because we have already raised three children for 11 years that we understand what buttons not to push. >> reporter: elliott gould and linda lavin play mark's parents on screen. so how did his actual parents feel about

mark: this is bloomberg. ♪ ♪ mark: this is "bloomberg best." i'm mark barton. let's continue our top business stories and austria when voters went for youth in the national election. >> the 31-year-old people's party foreign minister has claimed a victory as austria's next chancellor yet protections from yesterday's election put the nationalist freedom party within reach of second place. manus: what does the result from austria mean for the rest of the european partners? matt: for starters, it shouldn't be terribly anti-e.u. this right-wing party, the freedom party in austria, has been anti-eu in the past, but they changed tact before the election to gain ground. and because sebastian kurtz, the leader who has been elected pretty overwhelmingly in austria, has said he will not form a coalition with anybody against the idea of europe and deeper unity in europe. so he is -- the freedom party has got to conform to his ideas of europe to get together with him, or he could form still a coalition with his current coalition partner, the social democrats. >> airbus agr

mark: i am mark barton with the european close minutes away. time to look at some of the biggest business stories in the news right now. the impact of twin hurricanes on the job market in several states has faded. for anime filing implement benefits fell more than expected, jobless claims down at 12,000. the september jobs report comes out tomorrow. boeing is advancing into autonomous aircraft with the acquisition of a rural flight sciences. the portfolio includes expertise in robotic copilots, drone aircraft, and more. aurora is a long time partner of blowing that has projects with uber and the pentagon. boeing says the acquisition will not affect financial data. that is the latest bloomberg business flash. a quick look at european equities trading as we head to the close in roughly four minutes. stocks are higher today. gains in london. small declines in print for it. i will leave you with the currency board as we approach the european close. ♪ mark: live from london and new york, this is the european close. is your function. is

mark: live from london, i am mark barton. between jeremy corbyn and theresa may between the progress of brexit negotiations. >> everywhere you look, a government in chaos. on the most important issues facing this country, it is a shambles. brexit negotiations made no progress. >> we are not ramping up a no deal scenario, we are actively working, actively working with the negotiations with the european union's to make sure we set up and get a good deal. >> this government is more interested in fighting amongst themselves than in solving the problem. >> if there is no deal, we will have to have arrangements with member states. >> the prime minister cannot leave and she should leave. -- lead and she should leave. brexithilip hammond says talks are hurting the u.k. economy. we are back with david owen from jefferies. hikeof the doubt is a rate in november, would it be from a position of weakness? david: the bank of england announced last year a whole bunch of measures. the rate hike was only one of --se in the bank of england ano

mark? mark: yes, julie, while a big investor disagrees with everything that the small investors are saying -- give credit suisse time is when he is saying -- we will get to that later. highest since june 19. banks among the best-performing industry groups. utilities and auto among the other top performers. earnings season well underway. getting a bit of a boost from rising birthrates in china. sales growth accelerated to the fastest pace in two years and the third, because of a rebound in demand in china for baby food and bottled water. three. in china -- the rebound in china boosted the chief executive as he tries to resuscitate the largest business can yogurt and fresh gary cohn which has not had shipment growth -- yogurt and fresh da would justir not had shipment growth in years. y, second-quarter revenue beat estimates, including ramy martin cognac sales in asia. isand for its cognacs improving in china after it opened a retail store in beijing , the most louis xiii expensive cognac, wh

mark: i am mark artan in london. let's get live to the citadel trading floor in your rid that's where erik schatzker has been speaking with executives running the electronic trading -- trading arm. we have another exclusive interview. erik: i'm here with the head of execution services. it's nice to see you. knowel as some people may is the 800 pound gorilla in the equities trading business. you touched 20% of all transactions. where'd you go from here western mark is there more share to be taken western mark joseph: great question. we do trade one in every five shares. we are the largest market ticker for retail options market anchor. our focus is frankly doing what we do in an even better way. we spend a lot of time focusing on our existing business of how we can deliver more value to our clients and we are looking to ask band -- expand. we've been building out our capabilities along those lines. europe is another area we are introduces some changes so we are looking at ways to leverage our u.s. capability into euro

mark: i'm mark barton. the european close in 15 minutes. let's get back to new york today with aric is standing by major player in the real estate space. take it away. is.e certainly his name is joel marcus, the ceo of alexander real estate equities. >> pleasure to be here. -- let'salec zeus introduce alexandria. it's called a real estate company but it does more than that. you invest in life science companies as part of the real estate business? >> we were a garage startup 23 years ago. today i am happy to report our exceedsrker capital billions. missions critical for the life sciences technology industry, front leadership, summits, we just held one on health care economics. we make investments. that is another core vertical as well as corporate social responsibility, combination of philanthropy and sustainability. we are mission driven. >> some of that committee won't sound like it equates with the bottom line. how do you make it work? >> we have been blessed. we have 70% margins since we have started. we have been public for 20 years, an

(mark) and i'm mark danon. lets start the morning with a check of weather and traffic... (dave)general warming trend with dry weather through the end of the week and into the weekend. dry offshore winds will impact some of the higher peaks and ridges off and on again late this week into early next week. slightly cooler weather expected next week. bay bridge wb 80 is less then 30 min from the maze to sf. san mateo bridge less then 30 min from 880 to 101. no major hot spots. bay bridge wb 80 is less then 30 min from the maze to sf. ( mark ) our top story this morning... investigators in nevada continue to dig into the life of the man who shot and killed 58 people at a country music concert.( darya ) police have learned that stephen paddock recently tried to buy tracer ammunition. that type of ammunition would have allowed him to see who he was hitting in the darkness. authorities also now say they ádon't believe paddock had an accomplice or that anyone knew of his plans. ( mark ) police are also saying that they found bullet holes in a fuel tank at the mccarran internation

mark: live from london, i am mark barton. give localomy facing headwinds and nikkei, the future of brexit negotiation stalling and the bank of england could be preparing for his first rate hike in 10 years. joining us is the chief market strategist. what is a question you have been asked the most in town in the last few hours? >> coming from the state, we get asked about donald trump and tax reform. feels have a real cyclical , when the framework was announced a few days ago, market rallied. like most donald trump proposal, want to get into the details, the market came back. mark: we will talk more about the u.s. in the next segment but what do your u.s. clients ask you about europe? what is the question they want most answer when it comes to europe? >> extremely confused by brexit and what the u.k. wants out of brexit -- why the u.k. wants out of brexit? what do they want out of the negotiation? i do not think americans worry about it as a macro risk, but they see it as an outside event, a potential tail risk, if it go sour.

>(mark) police say the shooting police say (mark) (mark) police say the shooting lasted between 9 and 11 minutes. in the video you can see officers hunkering down behind a wall facing the mandalay bay hotel. the footage shows officers telling people to get down as police try to figure out where the rounds are coming from. ( darya ) the wife of a san francisco police officer killed in the las vegas mass shooting is being honored by her loved ones. hundreds showed up to a vigil held in novato last night for stacee etcheber. she was with her husband vinnie at the concert when the shooter opened fire. the two were separated during the chaos. vinnie told stacee to run as he was trying to help other victims. stacee's brother-in-law says her children had a question he didn't know how to answer.

this is bloomberg. ♪ mark: live from london and new york. i'm mark barton. vonnie: i'm vonnie quinn. this is the european close on bloomberg markets. shares of chipmaker qualcomm 7%, one of the worst performers in the s&p 500. let's find out right now with abigail doolittle. >> there is a report out saying that apple may consider not using qualcomm's chips in their iphones and appetites starting next year. we have had an ongoing legal dispute between these two companies over pavement and this seems to be apple showing its muscle. if you don't do it our way, we will use other chipmakers. it could be anywhere between $.25 and $.60 of earnings next year, depending on what analyst model you look at. what is at stake here, qualcomm trying to reserve its royalty pervy model. if we go into the bloomberg to look at the numbers, this is a margin line for qualcomm. and 2015,from 2013 gaining back, but the estimate for the current year and 2018, look at that. royalty feethat relative to apple moves away. that is a big question. it looks like qualcomm is stuck between a

mark: the u.k. preparing for the worst in brexit negotiations after the fifth round of negotiations showed little progress. migration and refugee crisis, our next guest has target investment in those. he is live from the imf and world bank meetings in washington. he is president of the european .nvestment banking mr. hoyer, thank you for joining us. can we start with brexit. how will brexit affect lending by the eib? werner: the united kingdom is a member of the eu bank and that remains from the european union, we will see. capitalosing 16% of our with a fantastic acid book -- asset book. in addition to that, the u.k. is a particularly good partner for climate change activities and energy for innovation. we certainly regret that. how are you going to cope then without the financial muscle of the u.k.? will others pick up the slack? werner: i'm convinced there will 27.nconditional -- by the with the do business u.k. anymore as soon as they are out so that will release -- reduce the problem little bit

mark was still alive. she knew that, because even though she hadn't heard from him since that brief phone call in greece, credit card statements were still coming into their home in chicago. michelle weinberger: he's going to the biggest fashion houses across france and buying clothing. and he's at casinos. and you're back, and you can't even pay the water bill. michelle weinberger: right. and i'm sitting there crying every night, listening to our songs, you know, mourning his loss. and he's in the south of france. narrator: his credit card tally in the south of france alone added up to more than $50,000. since there's no law against disappearing, michelle couldn't really go to the authorities. it seemed the only people even interested in finding mark weinberger were his creditors. but michelle wouldn't give up. on more than one occasion, michelle flew to europe in hopes of tracking down and confronting her husband. michelle weinberger: just me and a pair of handcuffs. i brought handcuffs because i figured

mark: yes. so there was this, there was this sense of the regions. there wasn't much fast food. there was howard johnson's, which my father claims to have worked in the original howard johnson's. he was from quincy in south boston, where the howard johnson's began. he claims to a actually worked -- to have actually worked for howard. rick: your father did not introduce the clam strip, did he? mark: i have heard of it. what is it really? is it squid? rick: it could be squid, it could be pollack. mark: it has no belly. i am going to boston tomorrow. we will get into the belly discussion. this is serious in the mainland. -- serious stuff in new england. well, if you pay a premium at women's -- woodman's, one of these fried claims places to get the belly clams. mark: otherwise known as the clambered to go. to which part of the , anatomy you are after. one of the things that come around here obviously we have -- soup and we had catfish and waffles. we still occasionally, you will see sightings -- i d

mark: chairman mark flynt is an insider. how is that relationship going to work? >> i think it's good that they have the outsider chairman. if they had a full insider duo it may have been seen as a bit too cozy. shareholders want to see growth. revenue growth, more loans. they also want to see someone who is able to keep a lid on cost and make sure the bank doesn't grow too quickly. mark: the asian background is key. >> that's where they really want to grow. more investment in asia and growth above gdp is what they want. mark: do you sense there is a when it wastunity highly rumored that flynt was going to be the man -- is a continuity candidate a slight missed opportunity? they have never chosen an outside ceo. it's quite incredible isn't it? >> that situation is a bit different because they are so big and globally diversified and they are actually not as dependent on investment banking as barclays where you actually saw debate. should thiss model bank take, what structure should it take. the most you can say about hsbc is should it stay in the u.k., is the u.k.

joining us, mark from timko in newport beach, california. this will be a great reset into the fourth quarter this year. rachel, let me start with you. bicsis a big shot -- chart. brian belsky, and equity guy, you look at the equity quiet -- there is bond quiet as well. we are at a historic monthly low at the vix. how big a headache is that for you at goldman sachs? rachel: we think volatility is due to rise in the course of the next year. it is likely to be the result of the beginning of tapering. we are coming out next week with an client piece, the subtitle of which is the long and winding road. global banks will be unwinding, not from the same starting point, but it will begin to tighten financial conditions into next year between the financial tightening conditions and the potential for political risk and policy risks, there is likely to be volatility and the spreads will be higher. tom: at timko, the basic idea of hard data, soft data, can we develop a theme? do we have enough confidence in the path of the hard data? >> you brought up a

mark: this is "bloomberg surveillance" and i'm mark barton. a pmi for manufacturing and services, that is the composite fromed to 55.9 in october 56.7. economists predicted the measure would drop to 56.5. job creation in manufacturing rose to the highest levels since data collection started in 1997, reflecting strong order inflows. service sector employment also strengthened. you have got to see the recovery is gathering pace, just as the central bank convenes this week to decide on how to gradually pulled back monetary support. thee is the euro against dollar. the stoxx 600 is a little bit lower today, down by about 0.2%. earlier it was up for the third consecutive day. the bloomberg dollar spot index is rising for the third day, the highest level since july 13. investors eagerly awaiting president trump's pick for the next fed chair. there's a consensus trade in for this week's central-bank meeting. we'll talk bonds later this hour. crude oil is down. holding near $52 per barrel, before tomorrow, which is forecasted to show prude stockpiles

i am going to hand it over to mark. mark: good afternoon, everybody. today is a very dark day for our great country. thousands of lives are forever changed by what happened last night in las vegas. over 55 people are dead. over 500 have been wounded, and this tragedy has fundamentally altered the lives of countless families, thousands of people. they will have to learn to lead very different lives. as gabby has. as i have. they are not alone. we are not alone. every year roughly 33,000 people die from guns. over 100,000 more are shot. this is the worst-case scenario. it's haunted our dreams. that we would wake up to the like this.assacre weapons of war in the hands of a determined killer with a tactical advantage. this was an ambush if there ever was one. this was domestic terrorism. gabby and i are heartbroken. days like today remind us and many others how quickly things can change. we are angry. but we also have a choice. we can offer thoughts and prayers and move on through life numb to these losses. we can accept these galling realities. we can acc

mark: relatively small. emily: that was dallas mavericks owner and axx tv ceo mark cuban. coming up, much more from the vanity fair new establishment summit in l.a. we will cover the shifting landscape with disney ceo bob iger. this is bloomberg. ♪ ♪ emily: now, more coverage from the vanity fair new establishment summit. we sat down with disney ceo bob iger to talk about the changing media landscape and we began whichis outlook on espn is seen a growing amount of subscriber losses in the last quarter. bob: right now, the business model that most people access the primary espn content which is live sports 16,000 sporting , events a year is a good business model for us in a relatively good proposition for the consumer. it is working. it is not growing as fast as it once did, which is largely what people have focused on. but the epitaph for espn, i think it is far too premature to write it. it is interesting you use the word mortality. emily: vanity fair used it. bob: i have not read that yet. espn still covers 16,000 sporting events a year. 65,000 hours of programming.

[sot- mark neveau, markneveau.com] sxs-mark-neveau-2-caen- mistrot-hfr(1) 1:44 this is monumental, unprecedented - i would say this is something firefighters won't see in not just one lifetime, but two lifetimes. veteran fema coordinator and fire fighter mark neveau has made disaster zones his life's workâbut he is still stunned mendocino county... bringing the total to three, at this point. cal fire says the "redwood" and "potter" fires have burned a combined 26-thousand acres... with just five percent containment. evacuation centers are set up at ukiah and willits high schools. evacuation orders are in effect for... the potter valley neighborhood... the redwood valley community... and the "golden rule" community. the sheriff's department is using its "reverse 9-1-1" system, radio and social media to get information out. kpix 5's wilson walker was our first reporter to make it to the fire zone. he got to the napa-sonoma county border about midnight on sunday, a couple hours after the first fire broke out. the landscape in that area has changed dramatically since then.. wilson shows us what it

mark: and i'm mark barton. this is bloomberg markets. let's check in on first word news with taylor riggs. taylor: it is open were for between president trump and a senior senator of his own party, senator -- tennessee senator bob corker. he says that president trump is leading the u.s. on a path to world war iii. house called the white and adult day care center. and president trump is making tough demands on immigration letting the so-called dreamers stay in the country. the president wants congress to provide funding for his border wall with mexico. top democrats rejected the demands. dream is our young people brought in illegally to the uss children. and a diplomatic dispute between the u.s. and turkey has escalated. --h sides have now respected have now suspended visas. erdogan's after arrested a turkish national working in a u.s. conflict in alleged involvement in the 20 16th coup -- in the 2016 coup. in germany, chancellor angela merkel has cleared an obstacle on forming her next government. to seek annual limits on migration. in t

mark: and i'm mark barton. by alanfund cofounded howard is planning to start 2 new funds, in the wake of a massive exodus. one of the reporters who broke the story joins us now. why now? >> investors are leaving the hedge fund, but some of the traders who invest in the monster fund have a good track record. goes out andard markets their performance, maybe there is a high probability that investors can invest with them, and this could arrest the decline in brevan howard. they now manage less than $12 billion, down from $40 billion just for years ago. it is a massive outflow. mark: what gives them the infidence of more product their main fund if it isn't doing too well? acro is making a comeback. maybe it is a small comeback. some of the macro hedge funds have made money, actually. it depends who you are talking about. investors are making a comeback. macro hedge funds are leading, having raised about $18 billion so far this year. it is a strategy that investors are interested in, some of the things like interest

mark: big change. if you look at the indices, emerging markets, u.s., japan, tech is bigger in emerging markets than even the u.s. and japan. this is remarkable. this is because of the incredible impact of smartphones being sold around the world. 70% of those sales are in emerging markets. david: that is because people can afford to buy them. mark: exactly. you have a $25 loan you can pay off while you are using the phone. jonathan: you have the big long on em. i want to bring this up on the bloomberg. let's look how it has performed this year. i'm sure you get annoyed when we talk about blanket emerging markets. you have emerging markets in europe, the story in asia, and then latam. which region, which group of currencies to you really want to get exposure to? mark: i would probably look at latin america. you see tremendous change taking place in argentina, brazil, and the real has reacted, but they have a long way to go. do we have blind faith in politicians to deliver? mark: given what has happened

mark: i'm mark barton. this is "bloomberg markets." the success of modern farmers has become the misery of traders, bringing years of -- of volatility and trading opportunities for those coming to tighten their belts. at least 40 cm -- 40 senior managers in trading houses have left their positions this year, but check this out, agriculture accounting for half of the job changes in commodities this year. and a glutton pushing the bloomberg agriculture sub index down 50% from its peak. here to tell us all about it, bloomberg's commodities reporter. thank you for joining us. why are so many agricultural traders moving around more than their counterparts in oil or the metals industry? we sawing at the chart before, this is a snapshot of the industry. it was compiled by a record agency based in england, obviously there are thousands of different traders out there. agricultural traders are undergoing changes at the moment, it is something we saw ago as wea few years had a slowdown in china, they shakeup of management, so this is the same for