u.s.. take a look at how it's playing out in the early part of the aussie in kiwi sessions. a strain trading just getting that second start underway. the jobless rate holding steady at 5.3% is what we're expecting. were seeing it pretty unchanged when it comes to trading on the asx. we'll give that a bit of time to percolate through. new zealand just coming off session highs at the moment, keeping its head above water. we did see the kiwi dollar as well as the aussie dollar declining overnight. falling in tandem with oil prices. let's get you the first word news with jenna dagenhart. >> a way of breaking the deadlock in brexit talks. bloomberg -- bloomberg is told theresa may's considering extending for 21 months. the trump administration is warning against putting u.s.-saudi relations at risk because of the jamal khashoggi affair. secretary of state mike pompeo said turkey will publish its investigation to what allegedly happened to the writer at the consulate in istanbul. president trump

the u.s. assistant attorney general for national security was joined by an official from the fbi and the royal canadian mounted police who assisted in the events -- investigation. >> good morning. thank you for joining us as we announce an indictment charging seven russian military officers with violations of several u.s. criminal laws for malicious cyber activities against the u.s. and allies. i am joined by the u.s. attorney for the western district of , theylvania, scott brady fbi deputy assistant director for ciber, eric welling, and director german or -- general of the mounted police, mark flynn. a short while ago, the dutch and the u.k.efense national security adviser held a press conference announcing a recent intelligence operation against several russian agents conducting a clandestine mission. the joint u.k. dutch intelligence operation led to four russian officers being caught. while they attempted to breach the cyber security of the organization for the prohibition of chemical weap

u.s. stocks ending mixed with multinationals rising. domestic: the most since july. -- domestic, falling the most since july. back on the gas after elon musk's drama. shares soared, recovering all of friday's losses. >> let's get a quick check of how mondays session ended here in the u.s. the dow gained for a third consecutive session. the s&p 500 led higher by commodities, also utilities, as well as industrials. it was all about that trade the 11thwe saw after hour agreement between the u.s., canada, and mexico. we saw the nasdaq move -- lose 0.1%. oil gaining ground on just concerns over a slowdown in u.s. drilling. as heidi mentioned, it was also about small-caps. the russell 2000 falling by the most since july, domestically focused stocks taking a it as we see -- a hit as we see better prospects on trade. hery, we could be in for a mixed session in asia as well. what's happening for japanese futures. they could be nudging lower well the nikkei 225 is trading at a 27-year high and the y

the u.s. war college, a terrific colleague. samuel next to mike the booko-author of everyone loses, the ruinous contest for post-soviet eurasia. sam has held a number of positions, including, previously, serving on the secretary of state's policy planning staff, covering russia and eurasia. and to your left, on my right, dara massicot. she previously served as a senior analyst for russian military capabilities in the department of defense. so mike, when i turn this over to you, and i will join this group here at the end to have a few wrap-up comments. but mike over to you. ,mike: thank you very much, andy. thank you all very much for coming this evening. the format is, as you can expect, i will ask a few initial questions of our panelists to get some things out on the table, and then after 20 minutes or so, turn it over to a general question and answer period. so obviously be thinking of hard questions you would like to ask at that point. we very much appreciate you joining us this evening. so

u.s. president donald trump has praised his country's new trade pact with mexico and canada saying it rights the wrongs of the old after agreement and will serve as a model for more trade deals to come. also on the show what on earth does a dirty order say what have to do with the business incubator in the capital of rwanda joining us for a visit to cuba and find out. and the crisis averted for now after years of turmoil germany still shines splits into names a new c.e.o. . it's time for business on the w. are you ready welcome to the program the united states and canada have agreed to a deal to replace the nafta free trade agreement that is according to a u.s. official who also said it will be when meet the united states mexico canada agreement until now canada had rest stay out of the deal reached in august between the u.s. and mexico to update nafta but last minute talks between ottawa and washington guaranteed that all three members will be in the new version of the trade pact so we've

to the u.s. business as we build its global platform. caroline: up next, more of the week's top business headlines. facebook tries to dial down the drama as it taps a new ceo. >> this is them trying to establish a smooth transition. ♪ caroline: this is "bloomberg best," i am caroline hyde. let's continue our tour of the week's top business stories with unexpected changes at ge. >> shares are surging at this hour after the company names a new chairman and ceo. he was an acquisition expert, is he now going to have to be a divestment expert? >> it will be interesting to see. we already have a plan in place that is pretty aggressive as far as a breakup at ge. they're looking to spin off health care, to divest the majority of their energy assets. we could see incremental divestitures. we're looking at the plain leather unit. it is primarily an operational story. how do you get these businesses, primarily the power business, performing better so the company can do well again? >> one of the difference

u.s. treasury secretary steven mnuchin, whose department stilles u.s. sanctions, plans to attend, despite cynicism from both parties. -- criticism from both parties. we will have more after the headlines. in yemen, at least 19 people were killed and another 30 people injured saturday, as a u.s.-backed saudi-led d rstrike , , struck a convoy of buses ful of civilians fleeing an assault on y yemen's port city of hodei. among the dead were women and children, including five members ofof the same family. a similar u.s.-backed assault on yemen in august killed 51 people, including 40 children. e united nations has warnened the saudi-leled bombing mpaiaign has brought 13 million people to the brink of starvation, as yemen's fofood crisis coululd sn become the world's worst famine in a century. back in the united states, president trump is traveling to georgia and florida today to tour devastation l left behind afafter hurricane michaeael hite florida panhandle as one of the most powerful storms ever to strike the u.s. mainland. the hurricane left 13 people de

the u.s. does not label china as a currency manipulator. brexit backstop, theresa may contemplates extending the transition leaving the eu. hardliners call it completely nuts. david: welcome to "bloomberg daybreak." we have earnings coming out. blackstone the expectations on eps, $.76 as opposed to $.74. assets under management were $457 billion, so the rich get richer. alix: that was a record. it was up 18%. i am looking at phillip morris. that company is cutting its full-year earnings forecast. they now see the high in the full-year earnings at $5.02, the low end of what they had seen before. it looks like shipment volume is down, latin america, canada. you name it. again, the pressure as we talk about what it means when you have bad press, movement into pot and cannabis stocks. david: it is a challenging industry. they made more money. $1.44 as opposed to $1.28. alix: that seems to be what the market is looking at come up 3%. in the market, for risk appetite. s&p futures down 10 points. up,

also coming out u.s. president donald trump praises what he calls his great ally saudi arabia as the kingdom denies that he killed eight missing saudi journalists plus the speed bump that is stalling bribes that the irish border issue remains a key sticking point that has thrown negotiations into new york chaos will the e.u. give to use them made more time to find a breakthrough. i'm sorry kelly welcome to the program the heavy price paid for the liberation of iraq up it was a year ago that the so-called islamic state was driven out of its self declared capital in syria local militias fought them on the ground while u.s. planes bombarded them from the air the fight for iraq a lasted for months and saw thousands killed the city is now free of bias. but lies in ruins are reporters for good to show good and to foreign to kareen went to russia on an embedded trip with the u.s. army they looked at what the u.s. is willing and unwilling to help with as the city struggles to recover. abdullah is happy to see us

however, given the exposure of u.s. companies to the u.s. -- of the u.s. companies to the u.s. market, this does signal that the fact that they're still importing 300,000 barrels a day does signal some degree of defiance of u.s. policy or at least perhaps the anticipation for you that the administration will not take the confrontational step of actually imposing sanctions on any european companies. and the administration has basically continued the approach of the previous administration which is it's better to threaten to reimpose sanctions and without actually imposing them. turkey is about one-third less importing than it was when the u.s. pulled out. it was importing in may about 200,000 barrels a day of iranian oil and it is now at about 133,000 so about a one-third cut in oil. purchases from iran. turkey, however, remains dependent on iranian oil and also has said the u.s. pullout from the nuclear deal was not justified, so turkey might retain its imports at roughly this level. my bottom line conclusion is that the administration's strategy will hinge on ultimately on wha

u.s. isolationism to some form of cheney's estimation is so much, bloomberg's chief asia correspondent, stephen engle. welcome everyone to daybreak europe. overnight, the msci asia-pacific index off but went 4%, the nikkei closing by its highest since 1991, the hang seng underperforming, done more than 1% after reopening after the holiday. brent crude is holding above 85 dollars a barrel. above 75, and we have data from bloomberg showing that iran crude exports dropped even before the sanctions. , but witho lifted some dissipation of the trade tensions yesterday, the u.s. mca, you can say that gave it a bit of a lift. the euro is also on a fourth day of declines. up by a 10th of a percent, starting to get a little touch here, not quite what we have seen in the btp's. we saw the 10 year btp just 15 this is whence yesterday, hitting 3.3 percent. we continue to see some euro weakness and perhaps some risk off and play their. manus: if you could take the italy andiscussing greece best we will

the u.s., maybe not translating to the asia-pacific. singapore, down about 1% at the moment. south korea also giving back about 1%. malaysia here as well. china holding up. again, it is mixed. we had a high close, then u.s. futures started pushing lower, which gave us the early indications that any gains we will get in the asia-pacific, all things equal would be capped. we start across the currency markets. it's about dollar strength, really. the dollar index, 1200, back to the level last seen at the start of last year. ftsequity futures, and the futures pushing 100. this week has really been a very painful and. five straight weeks of declines actually matches now the longest such streak going back to 2015. three-year record we are putting in place here. as far as this week is concerned, 4% drop, which is also the worst week since the plunge we got at the start of the year. it hasn't been kind. october usually is supposed to be kind for equity markets. we can wrap up with this, to give you a s

and to the u.s. supreme court accusing cavanagh of sexual assault when she tried to scream she said he put his hand over her mouth we can't let breast kavanaugh decide on our rights for a generation enough no. wondering how they pay for all that well these organizations all have one thing in common they're funded by the controversial billionaire george soros styling himself as a so-called philanthropist soros has given millions to liberal causes are around the globe and democrats at home in the us. his organization has already given over two million dollars to these ladies alone and hundreds of thousands more to the fund that helped make anti carbon are commercials it depends on what the end game here is if the end game is to block a judge well then maybe not but if the issue here is to spread democracy like george soros his money is supposed to do that that might be that might be working out in in their favor i think this is really a trump trump situation unfortunately this isn't about accusations t

u.s. olympic committee is fully committed to ensuring the health and safety of all american athletes, and today marks our fourth hearing on an ongoing investigation. -- in january, this subcommittee and launched an investigation to examine cultural and systemic issues regarding abuse in the olympics brought on by horrific revelations that former usa gymnastics team dr. larry nassar sexually abused and assaulted hundreds of athletes over a span of two decades, well after authorities were alerted to his actions. the subcommittee's investigation has expanded to include all national governing bodies, which govern each of deal of exports, and the role of the u.s. olympic committee in providing guidance and oversight to better protect athletes. our conversation with leaders of these organizations has focused on reform that were part of the recently enacted or texting young victims from sexual abuse and safe sports authorization act, and how each of their organizations have implemented these impo

the u.s. pull out from the iran nuclear deal and reimposition of sanctions is a step they oppose and that iran is not under u.n. sanctions and really there's no justification to abide by. we have imposed u.s. sanctions. both governments, india and china, have said words to that effect. as have the europeans, although the europeans have not said they would necessarily flout these sanctions, but they have said they oppose the move. on the other side of the ledge r, iran has completely lost south korea as an oil customer. as of the end of september, south korea was at zero, zero oil imports from iran. and it has almost totally lost japan, which can as of the. end of september was down to a very, very tiny import volume of 22,000 barrels a day of iranian oil. nearly zero. taiwan also a very small buyer, it is now at zero. somewhere in the middle of turkey. european buyers were still collectively taking it as mainly italy, greece and spain. still taking 300,000 barrels, about half of what they were

the risk is u.s. equities now start reacting to what is happening around the world and in particular, the tech sector, i can't see a better time to sell a tech sector than right now given what is going on. the risk is, we see a flow in affect from the u.s. bond market weakening to the rest of the world, which would drag down japanese banks come all market areas. u.s.hat reason, until volatility remains low, we have long positions in volatility, long positions in yen, japanese yen for protection against volatility. at the same time, we will maintain those core positions. ever way you look at it, we are going from qe to qt. global growth is picking up. more of our stimulus will be fiscal, not monetary. that will stimulate different sectors. we will have those core positions, but as long as volatility in the u.s. is low, it is prudent to have hedges in the portfolio to protect us against u.s. equities dragging down everybody else. rishaad: didn't get a chance to where the money goes, what asset classes g

the u.s. charges seven russian intelligence officers of carrying out cyber attacks that's after the netherlands claimed it had foiled a russian cyber attack on the international chemical weapons watchdog well london also accuses moscow of high profile attacks including on russia itself. baseless claims hypocritical bodies used to show on just prosecution damages the cause of human rights also this hour the latest in a series of u.s. withdrawals from international justice commitments sees washington take measures to protect itself from being sued at the un's top court. and in france butchers have written to the president amid a wave of attacks on slaughterhouses by animal welfare activists demanding help to prevent a possible civil war. and. a very warm welcome to the program from all of us here at r t h two in moscow thanks for joining us this hour we start with breaking news this hour the u.s. has formally charged seven russian military agents linked to a global cyber hack it comes just hours

markets are also pricing a pretty bad outcome for the u.s. and u.s. economy, and i think it is starting to look pretty interesting to take the other side of that, i think. vonnie: bad outcome of meeting what exactly? cameron: if we look at sector performance, the defensive sector has creamed it relative to the others. and to a magnitude that i think is consistent with the isn surveys following roughly eight points in the past six months. on some quantitative work i have done. you only ever see declines in the isn, not fast, during recessions. as an example, industrials underperformed utilities yesterday by the most since 2002. consumer discretionary underperformed consumer staples by the most since 2008. those are pretty massive milestones, and yes, is the economy going to slow down? -- very clearly, because we are seeing that in the certain sectors. is that enough to hit a brick wall? i do not think so. it looks to me like people are throwing out the baby with the bathwater, and if markets were a little too sanguine and complacent at the beginning of

u.s. docs closed -- stocks closed in today's session. the longest losing streak since president trump took office. falling more&p 500 than 2% for a second consecutive session. the s&p 500 breaking through that 200-day moving average. the nasdaq fell 1.25%. we had energy stocks leading the sectors down, as we saw crude just sink on risk off sentiment. the volatility was high. levelx surging past 20 and gaining ground for a sixth consecutive session. take a look at what 10-year yields were doing as they were again under pressure today. we saw it at around 3.15%. we saw yields lower throughout this week after that selloff last week. treasuries also got a boost from a 30-year option. -- auction. we did get the dollar reacting to u.s. inflation missing expectations. gold was higher. right now, flat. a slight -- flight to safety. crude at $70 per barrel, but still flat after sinking the most in three weeks. let's see how all of this will play into the markets in asia. sophie: after thursday's bl

hallett's u.s. allies have warned against decision to pull out of the treaty how much support is there in washington for the move and why well when you talk to nuclear arms experts they tell you that they are very concerned saying that this is and would speak very dangerous and that could go and arms race an excellent excellent increasingly cold war like behavior among the u.s. russia and china trump is also facing criticism from democratic lawmakers one. that this decision would be reckless that the white house has to consult the allies in europe there are also republican lawmakers standing behind the president and we have to say that the you asked military leaders have been complaining for a quiet long time now that russia has been violating this treaty and that this treaty is the one sided constraints on the u.s. ability to come to a china that was not a signatory of this treaty and it's all of this as the u.s. says national security adviser john bolton is heading to moscow for meetings with pres

the u.s. and saudi arabia. this is one hour. >> good morning. i am executive director. i would like to welcome all of .ou to this briefing let me start by setting the , raising our panelists a few questions and then we will proceed with the program. in terms of byit way of introduction that it is admittedly a somewhat difficult and ascetic task for me -- and sad task for me to hold in this briefing about our friend jamal khashoggi. i have known jamaal, the journalists, as a writer and media consultant and as a saudi civil servant for 30 years. i've dealt with him on many occasions here and in washington when he visited the states. and in the kingdom of saudi arabia during my frequent visits into riyadh and other places in the kingdom. jamal was always a gentleman, a keen analyst on middle east and islamic affairs, articulate early interested in u.s.-saudi bilateral relations, which we discussed almost every time we met. and, equally important, if not more important, a consistent advocate for b

the u.s. with the s&p tumbling 3.29% yesterday. fresh concern about the impact of a trade war. the nasdaq had its worst seven day -- day in seven years. a team we have rallied together. our asian economics correspondent is in bali. you, futures are rock. his mnuchin right? that this is a correction and we should not get roiled about it. >> i think that is right at the moment. it depends on how much for the rig goes. a big theme of the past few years has been u.s. equity outperformance. they were overdue a correction. there has been no major pullback. they were due for one with yield surging so much recently. but does not mean an end to the bear market. i don't think long-term investors will be alarmed by this. it's move was sharp. it depends on how the trading goes from here. we haven't seen much panic in asia. have suffered quite a lot given what happened in the u.s.. there has been sharp will back. commodity markets are relatively stable. that means that this won't last more than a couple of

follow think asia will the u.s. in a more controlled fashion. u.s. stocks were more vulnerable for a correction. asian acres will open lower but i don't expect it to spread across assets. contained is pretty so we will see lower prices and they were probably sit there. the next trigger, china markets are likely to break a two-year low. i don't expect a followthrough panic, but that is what traders will be waiting for. haidi: the topics falling 3%, set for the biggest drop since march. are we going to see cross asset volatility or contamination in the asia session? mark: i don't think we will at all. we will see recalibration of equity markets. we expect bullish equity markets to open sharply lower. we will see a slight tick up across in volatility because there will be portfolio readjustment. overall it's not like fx volatility is suddenly going to take off. i think it will be relatively necessarilyut not volatile trading. shery: equity markets rebounding slightly but we are also hated to third-quarter earnings. what should investors be watching out

u.s. dollar index potentially heading to its highest for the year to put pressure on asian currencies. let's get you the first word news with jessica summers. jessica: theresa may has told u.k. lawmakers there is a scenario where it would be preferable to extend the post-brexit transition. may said remaining under e u regulations and inside the customs union would be better than operating the backstop. conservatives say that would be a betrayal. is turning upp the heat on saudi arabia. he says he's not satisfied with the explanation of what happened to generalist jet -- to journalist jamal khashoggi. investigators will brief him on the killing. he told "usa today" that th was a plotea that went wrong. son-in-law isp's downplaying saudi arabia's role in the killing of khashoggi. asked if the kingdom has been deceptive, jared kushner said he sees deception every day both in the middle east and in washington. kushner said he has told the crown prince to be transparent about the death. u.s. na

the u.s. effort to rid pyongyang off its nuclear weapons -- using decades of postwar arrival we. -- rivalry. allen, whod to paul died at the age of 65. he established microsoft with inl gates in 1975, leaving 1983 over health concerns. he used his microsoft fortune to invest in pro sports teams, cable tv, and real estate. diednvestment firm said he in seattle of complications with montand kids lymphoma -- non-hodgkin's lymphoma. global news, 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. haidi: president trump offered any theory of what happened to saudi critic jamal khashoggi, suggesting so-called rogue killers might be behind his disappearance in turkey. the president defending mike pompeo -- is defending mike pompeo to riyadh to find some answers. pres. trump: mike pompeo is leaving literally within an hour or so. he is heading to saudi arabia. we are going to leave noth

and to the u.s. supreme court accusing cavanagh of sexual assault when she tried to scream she said he put his hand over her mouth we can't let breast kavanaugh decide on our rights for a generation in the us is. wondering how they pay for all that well these organizations all have one thing in common they're funded by the controversial billionaire george soros styling himself as a so-called philanthropist soros has given millions to liberal causes around the globe and democrats at home in the us to. make very good press his organization has already given over two million dollars to these ladies alone and hundreds of thousands more to the fund that helps make anti carven our commercials donald quarter r.t. . the united nations relief and works agency which supports palestinian refugees has withdrawn some of its staff from the gaza strip the decision was made amid safety concerns after protests erupted when the agency cut back its operations in the region its head describes how angry demonstrators sur

meanwhile u.s. first lady melania trump has been taking on some international would do so for her adoptive country she's on a weeklong visit to africa the first major tour first lady without her husband the first of four countries on her travels showed what was gonna she received a warm welcome in the capital where she visited a hospital of hundred teddy bears to a group of mothers to have babies a lot of trouble taking a trip to promote children's wellbeing and it's part of her be best policy initiative after she goes on to malawi kenya and egypt. this is nobel prize for physics has gone to three pioneers in the field of lasers the royal swedish academy recognize the work of american art asking french miniature rod grow i'm canadian dollar strickland who is the first woman for fifty five years to win the award for three help take lasers out of the realm of science fiction and into everyday reality. they did it in star trek making objects move with a laser beam without touching them in a t.v. series

i had been so into japan-u.s. so. because she was born after she became a citizen his youngest daughter could be issued a passport but his wife and two other daughters needed visas. and i felt i went on best fear and that ottoman. and how did you feel when you got there and you can learn how to now put it into the helmet of the feast now is to not. let you see it here show me the papers. if you want to well. one of the changes in the latest version of the travel ban is the inclusion of one pathway to the u.s. a waiver that can be granted on a case by case basis if applicants meet three criteria. a little. at least they say. that he wanted to. meet a well and landed within the to him the one with a hole in it it was funny the oven talks are fucked and they anything. and the only thing he had to do that was on how devoted to the old me how they had . let me have a bit of them i'll. i. thought that given chametz condition and the fact that he's an american citizen they would qualify for a waiver. with no appeals process

from the u.s. and beyond faultlines investigate the stories beyond the headlines after a three year delay afghanistan will finally hold its parliament elections but what direction the country takes with a new two part series the big picture examines the legacy of monaco duckies and the effects of his demise october on al-jazeera. they were wrong and. they were brazen. and for nearly a decade they committed crimes with impunity. yes. they were also decorated police officers thanks baltimore is once again at the center of a debate over how to police the police. the gang within on al-jazeera. it was the world's most wanted underworld thinker. until a year long undercover operation finally took him down. when he goes inside the billion dollar bust and how does he. this is al jazeera. hello i'm down in jordan this is the al-jazeera news hour live from doha coming up in the next sixty minutes waiting for help survivors of in the majors earthquake and tsunami await aid as relief agencies struggled to get

it seems like u.s. futures pointing lower is a reaction perhaps to some of the weaker tech earnings after market. many questions over why we are seeing that. copper on the lme down 1.3%. the route in copper is there. resuming losses after jumping a little bit yesterday and heading for a weaker loss as well, looking at wti. down 9/10 of a percent. let's talk more about the markets. red october continuing in asia. stocks extending declines. the msci pacific index set for its worst month since the financial crisis. u.s. futures falling off of disappointing results from technology giants like amazon and alphabet. the question of the day, what is most to blame for the stock route? is our us from singapore bloomberg analyze strategy. i'm hearing everything from earnings to concerns about raising rates to geopolitical tensions, liquidity squeeze. what is most to blame for the stock rout? reporter: good morning. i think the consensus is building around geopolitics. that specifically, the relationship between th

the u.s. about mint of homeland security appears to contradict the president and the vice president's words at a cyber security summit just three days ago the department's secretary said we currently have no indication that a foreign adverse or intends to disrupt our election infrastructure but i will immediately follow that with this is a point in time we know they have the capability and we know they have the will so we're constantly on alert to watch but what we see with china right now are the influence campaigns the more traditional long standing holistic influence campaigns well our correspondent adrian brown has reaction from the chinese capital beijing. well details of the vice president's speech had been leaked many days in advance so china knew what to expect a spokeswoman for the country's foreign ministry said that the vice president's accusations were groundless based on hearsay evidence she stressed that china was pursuing a peaceful path and wanted cooperation with the united st

u.s. border they've reached mexico but trump says he could deploy the army to stop them from getting any. time soon it's almost gone but it's good to have you with us the u.s. national security adviser john bolton heads to moscow today for what could be tough talks on arms control that's after washington announced it would withdraw from a nuclear arms agreement with russia u.s. president donald trump accused russia of violating a thirty year old treaty on intermediate range missiles and threatened a fresh arms race with moscow. this is what the drama is about medium range nuclear ballistic missiles that have been on a self-imposed by the u.s. and russia since the end of the one nine hundred eighty s. that may be about to change u.s. authorities believe russia may have developed a weapon systems like these in breach of the intermediate range nuclear forces treaty. we're not going to let them violate a nuclear agreement go out and do weapons and we're not allowed to wear the ones that have s

if u.s. rates are going to press a bit higher, u.s. growth starts to decelerate a bit next year. the key question for the em basket is the degree to which the chinese deceleration has been a bit of a surprise this year, which has impacted european growth expectations, stabilizes. is that stabilizes, u.s. decelerates a bit but maintains a good level, e.m. probably does pretty well. without that, i think you got some legitimate questions. jonathan: any word on italy? bob: the italian budget processes, the new government has taken a fairly confrontational approach with the european commission annual budget process. our expectation is that it will get a bit noisier before it calms down. jonathan: yeah. bob: the market has moved a lot, but i would expect further volatility in italy over the next couple of weeks, creating some overall vol in european bond market. jonathan: final word, victoria? victoria: you have to take a longer-term look. you will see quantitative tightening. there is a lot of things going on but i think you have to take that 12-month outlook. let things calm down a

u.s. after a travel ban is lifted. as i'm sick of this is al jazeera live from doha also coming up. a desperate search for survivors dozens of children are caught in flooding during a school trip near the dead sea in. indonesia where it's been almost a month since the earthquake and tsunami so many people are still missing tens of thousands are homeless and there's ongoing concern for the welfare of children the most vulnerable in the aftermath of a disaster. a lower top u.n. invest in u.n. investigator is now singling out the saudi state for the killing of. special rapporteur agnus says the saudi journalist was the victim of an extra judicial execution she says the people who committed and orchestrated the killing was high enough to represent the state and she's called for an international investigation our diplomatic editor james bays with this latest development. agnes calmar does a very specific role for the united nations and it covers exactly the crime committed in the saudi consulat

he says the u.s. is quickly reaching crisis levels when it comes to migrants crossing the border in the south. we will have more on how immigration will affect the midterms coming up. this is bloomberg. ♪ ♪ david: you are watching "balance of power." i am david westin. daimler shares are down nearly 2% in europe after dropping as afters 7% intraday third-quarter earnings will come in significantly below market expectations. katie lyons is here to tell us the story. >> significantly is the operative word. the company coming out with preliminary third-quarter results that came in under expectations. even more important, cutting their forecast. the primary reason is a kitchen sink of issues. primarily, regulatory concerns for emissions in europe. this is showing what it has done the past couple of years. they dropped off the second quarter, expecting even more in the third quarter. bloomberg analysts are expecting 11%. this is because of increasing costs with regulatory concerns and oddly specific is

the u.s. treasury holds its fire in a currency report. >> that report stopped short of labeling china a currency manipulator. rishaad: the latest fed minutes show a trend towards tightening in the latest fed minutes, and some big beats from big banks. >> morgan stanley's numbers are really good. >> bank of america and all the banks, solid quarter. rishaad: cannabis legal in canada. a top ceo sees a huge potential in pot. >> it will be a $200 billion opportunity over the long term. rishaad: and bitcoin has been beaten up lately, but some are still betting on a comeback for crypto. >> we have seen acceleration in demand. >> q1, q2, if the institution starts coming in it will put in new highs. rishaad: it is all straight ahead on "bloomberg best." rishaad: hello and welcome. i am rishaad salamat. this is "bloomberg best," your weekly review from bloomberg elevision. let's start with a look at the top headlines. questions continue to swirl around the disappearance of the journalist who had then an

the u.s. has doubled down on jared kushner's attempt at a peace plan, building alliance against iran. the u.s. has looked the other way when the saudi-led campaign in yemen led to numerous civilian deaths, including the bombing of a bus several days ago. as fareed zakaria said this weekend, subcontract to the saudis. >> saudi policy has really changed during the 35 years i've been working and watching in the middle east. saw saudis used to be very careful in foreign policy. they didn't start adventures. they worked behind the scenes to build arab concepts, work with western governments in a close way. the last three, four years, especially since mohammed bin salman took the reigns of day-to-day governance, they have been much more brash, the war in yemen and the terrible humanitarian suffering that has caused indicates both a lack of concern and also, as david was just saying, an inability to carefully target. the american need to rethink a bit how to work with the saudi government that is not

military the u.s. president's fiery assessment came at a campaign rally in the u.s. state of mississippi but he didn't give any specifics about a conversation that he'd have with the saudi king in which he was referencing. we project saudi arabia would you say the rich. and i love the king solomon but i said . we're protecting you you might not be there for two weeks without us you have to pay for your village well it seems like he's implicitly calling on saudi arabia to pay its own defense expenses and this isn't even the first time he's done this he's asked the same of japan and south korea both of which are nato allies but between the arms deals and pulling out of the iran deal it's clear that the u.s. considers saudi arabia a major ally and if you remember trying to first foreign trip was to saudi arabia about a year ago but now trumps latest comments show that there could be some growing contention between the two on top of that trump's been trying to get saudi arabia one of the leading opec countries and the rest of opec to lower gas prices and trump's no fan o

u.s. markets. let's look at the major averages here in the u.s. the s&p nasdaq and dow are all solidly lower. we see solid declines once again. uncertainty around rising rates, and the trade war. perhaps a little too far too fast. investors are looking for a seat before the music stops. if you look at the s&p 500 over the last six days, it was trending lower last week. dayerday, was the worst since february with a big selloff. if we help into the bloomberg and take a look at what is happening sector wise, look at this. a sea of red. the big drag from the technology sector. energy is down as well. there is nowhere to hide for investors. tech is down the least. if we look at the chip sector, we do see some green here. a bearish divergence to the nasdaq. you mentioned the 200 day moving averages because the stocks are well below that. chart we lookthe at 10:00 because here we are. if we hopped back into the bloomberg, the s&p 500 is below its 200 day moving average. average,ses below that it

. -- on the whim of the u.s. president. >> the u.s. elections will be considered a referendum on donald trump's performance. as the old saying goes, it's the economy stupid. that shouldn't worry republicans as the economy is doing fine. the question is, are average americans profiting as much as the companies? >> workers at online retail giant amazon in the usa now earn a minimum eighth of -- a minimum of $15 per hour. business is booming in the u.s., companies are investing and exports are growing. in the second quarter, the most recent for which data is available, growth was a record-breaking four per 1%, twice as high as the previous three months. -- 4.1% twice as high as the previous three months. donald trump has no question who is responsible, himself. but is that really so? unemployment has been falling for some time. the economic upswing began long before trump came to office under his predecessor, obama. critics point out that part of the positive data is because of orders from foreign companies who wanted to stock up before t

the u.s. dollar. u.k. intentionally thinking about further sanctions. up one point 9%. >> if you take a broader look at falling fromow is its record high, financials are the best performer here. they are getting a lift from rising rates. now 3.19%. markets, we have to keep a close eye, off by the most in months. >> timeout for the top calls. if you look at some of the big movers on recommendations, the price target cut to seven dollars from nine. irreversibly reducing the ability to deliver on expectations. declining ratings for amc networks, blocking debt has are the company a sell rating. -- 66.at 63 and 6 there is an ibm campaign, initiating coverage with a sell the $150 price target. the analysts say the turnaround is still protracted and uncertain. the $150 price target. this has to do a souring sentiment on industrial autos. >> that is a global view included even for it -- from a macro perspective. in particular within semiconductors. the call we made this week, is the first time we cut

to the u.s. senate moves towards a broader vote on this confirmation there are very key pivotal votes in the senate particularly lisa murkowski a republican senator from alaska and susan collins a republican a female senator from maine they will have to be convinced as a result of this background investigation before that confirmation can occur allowing judge kavanaugh to take a seat as a supreme court justice given the fact that the president has come out so strongly against christine blasio forward that vote in favor of that nomination may be more difficult for those two republican female senators. malaysia's former first lady rossmore months or has been arrested and will be charged with corruption on thursday rosmah was detained after being questioned by the anti-corruption commission has been former prime minister najib razak is set to face trial next year for money laundering and a piece of power it's over billions of dollars that went missing from the state funds known as one and d b. china

they matter the u.s. has over one trillion dollars in debt more than ten thousand dollars more in tempe each day. eighty five percent of global wealth you long for the old bridge the point six percent market sorry thirty percent was one of your somewhat four hundred to five hundred three per circuit for sure and one rose to twenty thousand dollars . china is building two point one billion dollars a are you industrial park but don't let the numbers overwhelm. the only numbers you need remember it was one show you know for a minute the one and only. i . know liberalism used policies like fiscal austerity financial deregulation free trade and the privatization of public assets in order to shrink the size and reach of government as a whole but while you liberalism has had some success in other countries brazil is not one of them and fact male liberal policies caused massive debilitating inflation when implemented in the one nine hundred ninety s. by two thousand and fifteen the majority state owned oil compan

the u.s. justice department has filed criminal charges against a russian national for allegedly trying to meddle in the upcoming midterm elections the russian embassy in washington says the claims are unfounded ortiz came up and has more. the u.s. department of justice has indicted a woman who is forty four years old an accountant living in st petersburg now she is the first person to be indicted and it is alleged that she was meddling in the upcoming midterm congressional elections in the united states she's being charged by the u.s. department of justice with conspiracy to defraud the united states it's alleged that she had millions of dollars invested into social media activity that was intended to quote so division and discord in the u.s. political system in july we heard from christopher ray he's the director of the f.b.i. and he says that no evidence of such a plot by russia actually had been discovered so far we haven't yet seen an effort to target specific election infrastructure at th

president putin and the u.s. national security advisor hold talks in most good as america's plans to pull out of a key nuclear missile treaty rushing to trigger an arms control crisis. donald trump makes his toughest statement yet on the murder of journalist jamal khashoggi in saudi arabia as istanbul calls me that. it was carried out poorly in the cover up was one of the worst in the history of cover ups. and a british man sues the u.s. army off to being exposed to toxic chemicals while working as a contractor as a military base we speak to the whistleblower. when i was just a bunch who's going to system medical checks. be just in the weeds as well it was just. as the life that you see someone else. a very warm welcome you're watching on t.v. international with me. our top story this hour the u.s. national security adviser has told reporters in mosco that the u.s. is still going ahead with pulling out of a key nuclear treaty while playing down fit is it will spark an almost race john bolton earlier held a meetin

the u.s. coalition says it destroyed a mosque basically in one of the last i sh cues therefore fair game this collateral damage and this we've heard this so many times before and it really got nothing to apologize for it's just a part of war what you think about the. well. it's not the first time this collateral damage has become part of the discourse of the military discourse it has been the case in in iraq for so many years since since the ninety's and it is going on and on in fact in the in the area this is this area outside sort of in. there has been there has been an attack on july thirteenth of this year where twenty eight civilians were slaughtered and this was recognized by column and ryan at that time now this time they're finding a justification they're trying to find a justification or some kind of you know they're saying that well you know isis were having a meeting as you were as your reporter just that they were having a beating inside the mosque that makes the mosque at the gym

the u.s. is one of the top nations when it comes to our offensive cybersecurity. a lot of times it is for the purpose of collecting intelligence. in otherls can be used ways. what we have seen is more aggressive action by countries like iran and north korea in destructive attacks. companies need to be realistic and realize they have to invest money and work with the government to get at this threat. alix: what would be of five will deterrent? m&a willutbound happen less, but what is the deterrent? >> deterrents are limited. we prosecute, bring charges, you sanctions. those have proven to be ineffective tools in the space. we have to fight fire with fire. it mean cyber and all elements of american power. if you want to break things in the united states, we will break things there. the trump administration cyber strategy is more aggressive. we will see if they put that to work. that tilrayyou for insight. coming up, 10-year yields above 3.2% for the first time since 2011. more on this is next. t