i am francine lacqua in london. now, let's get straight to the bloomberg business flash, here's leigh-ann gerrans. hi, leigh-ann. leigh-ann: hi, francine. morgan stanley is buying the mutual fund for about $7 billion. it is the latest megadeal for ceo james gorman after the e*trade financial takeover. by any of theest large banks post-financial crisis. they say this latest deal makes complete sense. huge talent,s, perfectly complementary businesses. there will be very little dislocation. high-growth, great businesses. they have been growing very fast. the traditionalist management space, sustainability, so this was a no brain or. we paid full dollar for it. leigh-ann: and that is your bloomberg business flash. francine? francine: leigh-ann, thank you so much. tensions are rising in europe as many countries pose record increases of infections. surgerestrictions amid a of coronavirus cases across the region. joining us now with more is bloomberg's chad thomas. numbers are rising around the country. what can they do ab

i am francine lacqua here in london. the focus of courses on the markets, because we are expecting a lot of earnings, banks, roche coming out, and later, u.s. stocks. poundlso looking at the on the back of the self-imposed brexit deadline. if you look at some of the earnings, they reignited a bit of concerns about the number of cost cuts and job cuts. time, you can see european stocks down 1.7%. now let's get to the bloomberg first word news. here is leigh-ann gerrans. hi, leigh-ann. leigh-ann: good morning, francine. disappointed by the slow brexit trade talks, and a call with eu leaders, he said he will decide after this wii's key summit if it is worth continuing to work for a deal. he previously indicated the u.k. will walk away if no agreement by october. germany is still optimistic a deal can be reached. always the right way to discount questions that can be difficult, and sometimes at the last moment, you will find a solution. u.s.,ann: over in the president trump has spoke out putr facebook and twitter out restric

i am francine lacqua here in london. toin, a very busy week, on the u.s. election and about 16 days. looking at futures, the hope is that we will get stimulus, and i am looking at treasuries. the pound already up after reports that officials were prepared to water down controversial brexit legislation and a move that could revive failing talks with the european union. also, the yuan seann gains. now let's get to the bloomberg first word news in london with leigh-ann gerrans. hi, leigh-ann. leigh-ann: good morning, francine. nancy pelosi says a pre-election is possible, but she has set a tuesday deadline for making more headway with the white house. president trump is confident he can persuade the republicans to back a good deal, renewing his offer to go beyond the dollar amount that is now on the table. now china has passed a new law to restrict sensitive exports to protect national security. it provides a framework for beijing to fight back against the u.s. and tensions with high-tech industries. thanontrol is much slim

i am francine lacqua here in london. the markets are actually on the up today in hopes that we will get some kind of stimulus in the u.s. let's bring you exactly what we are looking at. european stocks are opening higher. again, there seems to be progress in washington toward a fresh stimulus package. the dollar falling on thursday after ending the fourth quarter. the tokyo stock exchange halted trading after its worst breakdown. coming up later, the world pose halts. etf trader we will speak to ishares' stephen cohen. the first, let's get to bloomberg first word news with laura. laura: continued because of economic uncertainty due to the pandemic, disappoint lenders such as jp morgan, which had already indicated it wanted to resume buybacks. the potentialed coronavirus vaccine from oxford university and astrazeneca. the so-called "rolling review" allows them to see a trial basis of what is ongoing. rises to the investigation that led to a halt in the trial. the format of the presidential debate is changing after the fir

i am francine lacqua here in london. this is what the markets are doing, focused on the lack of stimulus coming from the u.s. they are also focused on the earnings. i see a bit of zigzagging. the other thing i am watching for is the pound. a lot going on, you know, in the next 12 hours, when boris johnson needs to decide whether to abandon talks with it eu, giving the clear signal of what he wants in order to remain at the table. we have a pack show today. talk top at 9:30, we the irish finance minister that wedonohoe, and speak with ignazio visco, the banca d'italia governor. now let's get to the bloomberg first word news in london with leigh-ann gerrans. hi, leigh-ann. leigh-ann: good morning, francine. the boeing 787 has been deemed safe to fly. the news comes besides a software upgrade, not being done it for up to two years. the max was founded in 2019 -- grounded in 2019 after two fatal crashes. president trump and joe biden held separate town halls last night, 1000 miles apart. the president clashed with the modera

i'm francine lacqua in london. happy monday, everyone. let's get to the bloomberg first word news with leigh-ann gerrans. leigh-ann: reminisced reports johnson is warning the u.k. faces a tough winter. speaking to bbc, the public is angry with his handling of the pandemic. he also admitted his government's plan to subsidize dining, eat out to help out, may have helped to spread coronavirus. now, over in the u.s., wildfires in california have burned 4 million acres so far this year. that's a bigger area than the state of connecticut. it's more than during the previous three years combined, and it's more than double the previous record set in 2018. the results are devastating. paris have killed 31 people and destroyed more than 8,400 buildings. dow jones is reporting president donald trump didn't disclose his first positive coronavirus test. it said he took a rapid test on thursday, waited for the results before telling the public. it says he knew of the first was at of test before his appearance on fox news the evening. global news, 24 hou

for francine lacqua. now, let's get straight to the bloomberg business flash, here's leigh-ann gerrans. hi, leigh-ann. leigh-ann: hi, annmarie. barclays has another strong quarter. the bank's securities division rates and 23% jump in credit-rating income in the first quarter. the british bank also benefited from a pickup in mortgage demand , swinging back to profit. jes: we are ready to manage negative interest rates we would rather not target our clients with negative interest rates. but we also have to manage the integrity of the bank. i think it is important that central banks keep in their wallets the ability to use negative interest rates, but i personally believe here in the u.k. it is not likely. ofgh-ann: now, the cfo french hotels group has told bloomberg that doing deals is not a priority and that the company is not in talks with rival intercontinental. a call reported a 6% drop in third-quarter revenue per available rooms. that follows and 88% fall during the second quarter, but accor says the

francine lacqua and london. there is a lot to talk about, so bringing out our top stories today, we need to engine breaks it because there is negotiating. we need to look at european stocks because of sap because it is eight days from november 3. truly an eight day week and the united states. the first tuesday of november. the news flow is still slow -- strong. the risk off fee here is tangible. -- the sap inp germany. what if you bought shares friday? francine: we understand that it could probably infect or touch the european stocks. we have the october german business confidence, 92.7. let's get to the bloomberg first word news in new york city with ritika gupta. ritika: house speaker nancy pelosi says the chamber could pass the pandemic relief package this week. still, a deal with the white house remains elusive, and the republican led senate may not act before the election. both sides accuse each other of moving the goalpost on the legislation. president trump's chief of staff theymeadows is -- says will not

i am francine lacqua here in london. the markets are telling the story of three things we are watching. first of all, central banks, second, politics, number three, rising some kind of program, so trying to temper that with relief to companies with furloughs. we did have senator kamala , and what that means is the widening polls for joe biden seem to have been taken in stride when it comes to the markets. i am looking at dollars weakening, travel companies leading gains in europe on the stoxx 600, and i am looking at a couple of other things, treasury yields steady and gold getting a little boost. coming up, looking at the decision from chairman lorenzo bini smaghi, we talk brexit and central banks. now, let's get to the bloomberg first word news in london with leigh-ann gerrans. hi, leigh-ann. leigh-ann: good morning, francine. record daily increases. national politicians are leading -- leaning on politicians, fearing the economic impact of ofer measures the number covid-19 patients and karen paris has tripled since the

i'm francine lacqua, here in london. quite a lot going on with the markets. if you look at the markets positioning ahead of a lot of earnings coming out later, and the focus is also on some of the news we had overnight, which is j&j halting their vaccine trial because a person had fallen ill. we are trying to get to the bottom, as are they. let's get to first word news with leigh-ann gerrans. leigh-ann: over in the u.s. last night, president donald trump returned to the campaign trail as his doctor said he tested negative for coronavirus and is not infectious. at a rally in florida, trump said he felt so powerful after his recovery from covid-19. the trip was the president's effort to reverse his slighted polls in key swing states. founder raysociates dalio says china has the upper hand over the u.s. and a range of issues. he said time is on beijing step aside and the clash with washington, and that the next u.s. administration have to deal -- china'ss doing continuing rise. european central bank officials are upping the

francine lacqua is off today. down five on the s&p 500. in the last 24 hours, this is the quote from policymakers over the federal reserve. it comes from a fed governor who said the following, premature withdrawal of fiscal support risks allowing recession dynamics to become entrenched, holding back employment and spending. message really forceful . the cynics amongst us may say promptis is not just a for authorities to do more, maybe it's an application for that job in the treasury if biden wins the election. she is reportedly one of the front runners. tom: there isn't a question about that, this is the season where those people jockey. but she is certainly more than qualified and has all the right attributes that you would see in the historic idea of a womanist treasury treasury secretary. but i think it's a statement that we see, and correct me if i'm wrong, cross countless speakers of different political and economic persuasions. we just don't let up on the fiscal stimulus. that's what we hear. we do see repeatedly but it's a lot more

i'm francine lacqua and london, tom keene in new york. we have been tracking covid-19 and the extra measures put in place for some of the big cities, the big capitals in europe. not into go further lockdown but just more restrictions, and moments ago, is to hancock, the health secretary in the u.k., saying that london will move into a tier two virus alert level. we do that would be from saturday morning, but interesting to see how they see this moving, putting this in place to stop infections rising. this is also what we know about mr. matt hancock. the prime minster tried to give some clarity on monday and there are three alert levels. 1, 2, 3, high or very high. this gives an indication on what you can do and cannot do. no decisions have been made on the regions that are in second jeer at the moment. unclear whether they will go -- second tier at the moment. unclear whether they will go into third tier. let's go straight to dr. william moss, don tompkins bloomberg school of public health -- johns hopkins bloomberg school of public healt

. ♪ francine: this is bloomberg surveillance. i'm francine lacqua in london. stimulus talks remain deadlocked in washington. president trump and house speaker nancy pelosi blaming each other over the lack of progress. the president has sent shifting signals on the amount of stimulus he wants. while pelosi calls their first offer grossly inadequate. >> she thinks she can influence the election and i think they are hurting themselves by not doing it. traders may come around to the idea alert -- the election one ended fireworks. in fireworks. >> some we've heard around the election is the biggest risk is that the election is uncontested. lead in widening his the u.s. polls prayed the volatility sector has started to come down. this is the volatility curve on the vix. this is just from one trading day ago. the entirety of the curve this measures options further out and this is been brought down with volatility starting at price cheaper. this is the election right here, you can see this peak in the curve of volatility expectations. it is lower than it was a week ag

francine lacqua in a conversation with her today. right now isabelle mateos y lago with us with blackrock. are you kidding me? global head of official institutions group. that means she is a big deal. that is all you need to know. isabelle, one of the great juxtapositions is technological innovations. we are in the middle of prime day. massive global inequalities in a moldy 2021.- when we break the elite outperformance of technology from the observation of a world that is really struggling? -- well, goodally morning, tom. it is the job of the imf to focus on what is not working, where there are the -- tough question that a lot are working with. it inield bonds, you find emerging markets, and you find .t in china but for a lot of donors, these are investments they would never have contemplated historically because of their risk parameters. and likewise for a number of them now, contemplate an investment in liquid assets. they would have thought they were completely off-limits in the past and now they have to be on the table. yielders.

francine lacqua and tom keene. we are seeing this rebound continued move up in nasdaq futures and even spx futures at negative three. right now we turn our attention to the success of africa. on cases andics deaths in this horrific pandemic are really quite good. clobbered have been by this pandemic on every economic front. ghananance minister of writing in recent days. joining us with the bank of ghana, the governor of their central bank, ernest edison joins us. thank you for joining us. i would guess the education at cambridge and mcgill did not prepare you for the shock of this natural disaster. anecdote of the shock of this pandemic to the economy of ghana and the people of ghana. ernest: thank you very much for that. impact of thehe pandemic surprised everybody to wake up and not be able to go to work because we are afraid -- economy -- that was the real job. gdp andn i look at the the imf assistance to you, the request for aid, it is shocking to see gdp per capita estimated to go down this year. what do you n

from new york and london, francine lacqua. eventful day and what our government is going to do about this pandemic and the slowdown. francine, let's start with spain. we're waiting a plane from spain, aren't we? it isne: but this time part of parcel about the economy and basically they're trying to put in f

i'm francine lacqua in london. tom keene is in new york. i don't know where to start. we have about 15 news flows. focusing on the u.s. election, focusing on brexit talks, because something could move there. actually, i found the boeing 737 max story interesting, the fact that regulators find it safe enough to fly. tom: in a bit of a supply. we will know if the staff gets on it -- we will know that 18 else. that 18 out. to see fascinating is the two different debates find, but then have it coalesce into a running stream on different websites and different media, including bloomberg. it was amazing. it was something completely modern and completely different. like a european debate, tom, is how i would maybe describe it. you got a lot more policy than in the last debate. and possible shifting in some minds. get to first word news with ritika gupta. ritika: president trump and joe biden were on tv last night at the same time but on different channels. they held competing televised town halls. instead of debating as the schedule had originally called for. at nbc, the pres

in for francine lacqua. give me a united kingdom focus. how much of written is locked down right now? -- how much of great britain is locked down right now? anna: quite a lot. lockdown, in a short two to three week circuit breaker. the northwest of england, the northwest, the northeast. the list is growing longer. tom: it is going to be interesting. to say the least, the lockdown in america is not a lot done but is very regional, as mentioned in the debate last night. the upper middle west really hit hard right now. in new york city with our news, ritika gupta. ritika: president trump and joe biden covered a wide range of issues in last night's second debate. amongst them, racism, corruption, and the manner in which the president handled the coronavirus. trump: no choice. we cannot lock ourselves up in a basement like joe does. he says we are learning to live with it. people are learning to die with it. >> he also said the vaccine would be coming in weeks. in that of a guarantee -- is that a guarantee? pres. trump: it is not a guarantee, b

i'm francine lacqua and london. tom keene in new york. we have a number of stories we need to look out for. lvmh and thing is tiffany, after it was on, off. opera oflike that soap a marriage breaking down and being revived by marriage counselors. it is amazing they are still buying and. about $400t was million. reporting doing some on bloomberg news outside the old nike store. it is a pop up for tiffany's as they blow up their iconic fifth avenue 57th street shop. you wonder what the french will do with tiffany's. it's going to be fascinating. in new york, i know on bond street is a different layout. icons arese luxury within literally two buildings of each other. it will be fascinating to see where they are after the pandemic. francine: same here, tom. here it is bond street, and we talk about that segmentation, different jewelry categories for different segments of the population. always a good it did to buy jewelry. tom: i thought schlumberger a was an oil company. that's how dumb i was. francine: more luxury throughout the day, and po

i'm francine lacqua here in london. let's get straight to the bloomberg business flash. >> deutsche bank is not ruling out a take over as early as next year. that is as the lender's share price recovers. speaking exclusively to bloomberg, the ceo set out the moment, m&a is not his top priority, the turnaround is. >> the focus of deutsche bank is find --to transformation. i am clearly focused on this on. the success over the past 15 months i think proved our point that this transformation was and is the right one for the bank. therefore, this has top priority and my full management attention. is taking an early 30% stake in suisse. it is buying the holding for 3.4 billion euros. -- remains fiercely opposed to what it is calling a hostile approach. if the acquisition goes ahead, it would create a global giant in waste and environmental services. that is your bloomberg business flash. francine: let's focus on europe and spain. they extended emergency wage support beyond january. the nation's social security minister says m

international monetary fund managing director kristalina georgieva spoke with bloomberg's francine lacqua about the decision. >> the worries about debt levels going up are not for now. for now, the biggest worry is that we don't do enough to support the economy until we have a durable exit from the health crisis. including amnesty international had written to the g20 finance ministers ahead of that meeting to warn that the world is facing a crisis unlike any in the last century, and that debt suspension is only a first step. the group said many of the poorest nations are spending more on debt payments than on lifesaving public services. there is growing pressure on british prime minister boris johnson to order a so-called lockdown. the opposition labor party and government scientists say it is needed to get the coronavirus under control. deaths have soared to the highest level since june. concerns are mounting that johnson's new system of restrictions will not be enough. pressure continues to see a record number of coronavirus cases. officials work -- reported 14,000 new cases today, the

vonnie: that was francine lacqua hosting a panel at the imf. to live go on the bloomberg. apple unveiling its latest 5g iphone, the highly anticipated launch event. a moment ago, steve cook was joined on stage by the verizon ceo. right now paren loss is about 1%. let's bring in emily chang with more detail. 5g rolled out to all iphone users new and old? 5g is coming to all of the new iphones that apple unveiled today. we expect them to unveil four new models. so far they have been focusing on the 5g part. this was not unexpected but it is a huge technological upgrade to the iphones, meaning if you have 5g capability on the network you are on, wherever you are in the world, that means your phone will be faster, downloads faster, etc. we just saw tim cook on stage , who wasceo of verizon touting verizon's ambitions and plans to upgrade their 5g network. he says planning to turn on a new 5g network, new capabilities immediately. the question is how much new capability will this add? verizon has had some 5g , butility in limited areas rapid drop-offs in signal. the issue is if

francine lacqua and tom keene. --have been covering ebony any number of topics. there is one thing that will not go away, the persistency of the pandemic. we are thrilled to bring you from the university of brighton andcturer in microbiology research fellow sarah pitch. thank you for joining us today. idea of seconde wave-third wave. what is not a wave, this resilience, this persistency of this virus? wave is not really a because it never really went away. it has just come back again in greater numbers. is very resilient because it is very infectious. opportunity for it to be transferred from person to person, the virus will take it. world, people are giving at that opportunity by coming in relatively close contact and allowing it to spread from person-to-person. you are definitive in clinical microbiology, you work with parasites across all of these bugs. you know the number one issue is pneumonia. infection. secondary what have we learned from february and march about the overlay of this virus with pneumonia, and particularly as we go into the winter? >> what w

punishment, i say. ," tomberg surveillance keene in new york, francine lacqua and london. i can forget about brexit. it is gone.

i'm francine lacqua in london. a lot a focus is on the bank results yesterday. many more banks reporting today with technology stocks and apple news. we expect a lot of earnings, and pound weakening, something to keep an eye on. stocks,ook at european travel shares declining on concern of more lockdowns, but financial shares are climbing. they'd are today, our active etf, new surveys say active equity funds underperformed in the first half of the year. let's get straight to the bloomberg first word news. >> good morning. here in the u.k., prime minister boris johnson is facing growing pressure to order a national circuit breaker lockdown. the opposition labour party is calling for increased nationwide restrictions for up to three weeks, after documents revealed the scientific advisors called for that action three weeks ago. the sprint to find a medical breakthrough to contain coronavirus stumbled this week. eli lilly is the latest company to pause a trial as a safety concern. it is developing an antibody therapy for those with severe cases of covid-19. this foll

francine lacqua is off today. the u.k. and eu are to resume talks on post-brexit trade deals after boris johnson suspended the discussions. cross said negotiators will begin daily discussions today. conversationof the in the last 24 hours. turning us now is edward evans, brexit editor. it's a busy day on the policy front, edward. we've been talking a lot about from what we have heard -- what we are going to hear from the chancellor. it seems as though the door had been shot or only slightly ajar for brexit negotiations over the last week or so. we hear from michel barnier, who says the doors open again. where'd we had now? edward: the changes we've had this week are ones of process. go into thed to final phase of negotiations and agreed to work on the actual agreement. they've agreed to discuss all issues. that's a big bottleneck in the negotiations. ofare now in three weeks intense discussions where the sides tried to come up with the deal. while there are changes in process, on matters of substance, there has not been ch

tom: you buried the lead, francine lacqua with an exceptional panel. it will be a virtual meeting, virtual intelligence with francine as we drive to the world's challenges coming out of the imf. what is amazing to me today, just one observation, it is incredible in the major media on a monday morning, 22 days into the election, how joe biden's schedule, how his policies are buried. it is 100% trump, top to bottom, in the zeitgeist. you wonder how vice president biden manages that in ohio over the next 24 hours. francine: i remember at the all hasg, telling us it to do with a referendum on president trump. tom: never seen it. francine: turnout on november 3. plenty more on that. let's get to first word news with corinna mitchell. corinna: president trump and nancy pelosi are blaming each other. republicans are having a hard time with pelosi. pelosi called the offer grossly inadequate. the two sides are about $400 billion apart. even if there is an agreement, is not certain republicans would approve. neel kashkari warns it needs stimulus. the economic re

francine lacqua is away today. this wednesday, it's about the price action and 10 year yield north of 80 basis points. tom: markets on the move. we get to the brexit headline in a moment. brexit is so important and different from yesterday or a week ago, but the bond market is different. have we broken through key levels here with the 10 year yield .81%? that's the theme for today. jon: the high the first week of june, lisa, around 96 basis points, distance away from that still, but it is a move. off the back of the talks, the deadline that is apparently not the deadline. it i get that right? lisa: what does a deadline mean anymore -- did lisa: lisa: i get that right? what does it deadline mean -- did i get that right? lisa: what does it deadline mean anymore? we c

francine lacqua in apple -- in london, i should say, not far from apple on abbey road. this a great tradition of being the final week where they really recalibrate. and remember, for years ago, this is one president trump, with a vengeance, recalibrated. francine: yes, we look at the polls, we look at georgia. thatof these swing states have been, for a pretty long time, read turning blue, so we will look at the polls there. and it must be election week if you are singing to me. that is what the markets are looking at, and that is, what they say, even what boris johnson is looking at before signing with the e.u. tom: long lines across the nation, a lot of stories and anecdotes on that. let's get to our first word news. in new york city, ritika gupta. ritika: good morning. house speaker nancy pelosi says the chamber could pass a pandemic relief package this week. still, a deal with the white house remains elusive. the republican led senate may not act before the election. both sides accuse each other of "moving the goal posts on legislation." mark meadows says the u.s. is

in london, francine lacqua. we were remarkably brexit-free last hour. give me a brexit update. how big a deal is this friday for the dueling brexit of the last 10 or 20 years? francine: you know who is really giving a brexit-update right now? i am hearing from insiders that this is the exact moment where boris johnson may be about to speak to eu leaders. we understand that most of it is virtual. we are expecting the prime minister to give his response on whether he is continuing to negotiate. there was that self-imposed deadline on october 15. we don't know whether he is happy with the progress or whether he thinks even if there is not progress, he still wants to give it a shot. tom: there is your update this morning. lot, like about the map of the fisheries. it's like a big deal, right? in the north? francine: i remember being a young reporter a million years ago showing up in brussels and actually going to -- at the time, it was not much to talk about, but our editor said watch out for fisheries, because nobody talks about them. it's always a fishing problem, as we see with b

. ♪ francine: this is bloomberg surveillance. and francine lacqua in london. the ecb president and the chief economist are urging for further monetary and fiscal stimulus as the euro zone struggles to sustain its economic recovery. evident france's set to stagnate in the last three months of the year according to a statistics agency. it downgraded the forecast from 1% as uncertainty over the risk of lockdown. us, simon, i have one million questions. i could speak to you for four hours. it's about brexit, how the economy actually deals with lockdowns whilst negotiating with the u.k. as well. what worries you the most in europe? >> what worries me at the moment slowdowns in those fast indicators. suggests what has been a stronger q3 and we will season spectacular quarter on quarter growth across the euro zone when they are released in november, whether that momentum will stall. the problem is policymaking and coordination christine lagarde is rightly asking national governments to lead on in the european commission to lead on, there will be a sense that we have

i'm francine lacqua and london. tom keene in new york. we have a number of stories we need to look out for. lvmh and thing is tiffany, after it was on, off. opera oflike that soap a marriage breaking down and being revived by marriage counselors. it is amazing they are still buying and. about $400t was million.

i am francine lacqua here in london. we had that surprising news, a lot of it on how it could up into the markets going forward into the november 3 election day. now, we still know very little about the symptoms, if any, that president trump has, so that gives us a little indication of what will happen next. i suppose we could see him stop campaigning for the next two weeks if not longer. it could also have an implication for the ballot if something were to escalate. canpean stocks down, you see s&p futures also down, and then vix, one of the measures we look at for volatility, is gaining as the market trying to recalibrate exactly what that means. now let's get more on the markets with dani burger. hi, dani. dani: good morning, francine. we see this reaction starting with a gut punch, starting to bleed into the red for the rest of the day. yes, u.s. futures are lower, but interestingly, what is doing worse right now are russian assets. the russian stock index down more than 2%, the ruble down more than 1%. yesterday, sa

from new york and london, tom keene and francine lacqua. francine, i was thunderstruck by the imf adjustment to the united kingdom. let's call it weeks, but come on, days after the blue book of the imf came out. this is something the imf does every six weeks. we used to cover

lacqua bubble. we are all in our bubbles. when he got out of it in the first debate it was painful for all. do you anticipate that if there is a second debate october 15? greg: i think the same thing will happen, i don't think he learned any lessons. he could have come out of his illness chasten like boris johnson, empathetic, and he didn't. trump wasted a golden opportunity. bit abouttalk to me a swing states. are they changing? is it different from 2016? there are similarities to 2016, the same as hillary clinton's lead. but the swing states have changed, especially pennsylvania. michigan would be the second to watch. both of those states it looks like biden is pulling away. that's a big deal. me,cine: it seems to correct me if i'm wrong, the female voters, especially in suburbia, are the key to winning or losing this election. what do they care about, and if it's health care, the fact that present -- the president and those around him have covid, does make them vote for someone else? greg: it's a

francine lacqua and london. there is a lot to talk about, so bringing out our top stories today, we need to engine breaks it because there is negotiating. we need to look at european stocks because of sap because it is eight days from november 3. truly an eight day week and the united states. the first tuesday of november. the news flow is still

i'm francine lacqua and london, tom keene in new york. we will talk about some of the minutia in the voting. i want to focus on florida, georgia, but also ohio. we also need to look at european leaders with emmanuel macron, angela merkel, for so many months saying they will not go back into lockdown. the numbers speak for themselves and they have no choice but to impose extra restrictions. tom: in the united states is it is about the two different candidates, two different approaches, stark yesterday with the president fired up in lansing, michigan. and the emotion of mr. biden georgia, warm springs, which resonates with franklin delano roosevelt. i would suggest markets on the move, different than yesterday, yesterday less correlated and today a dramatic correlation. notice the vix at a strong 36. francine: i think the focus is on these lockdowns, especially in europe, how harsh they could be and what that means for job losses. a lot of the european stocks are at the lowest in five months. we will have extra market checks today. that's g

paul: that was the managing director of imf speaking to bloomberg's francine lacqua. we have plenty more ahead. this is bloomberg. ♪ shery: singapore will not see the return of mass air travel for at least two years. only the wide availability of an effective vaccine will help countries reopen their borders and allow for free travel. spoke about the balancing act of maintaining the virus and keeping the economy functioning. bordersnk closing the and suffering the economic crisis, or you open up, and you focus -- you suffer from the economic crisis of the virus. we do not know much about the virus. we know that it is very infectious. we do not have test facilities. at that time, back in march, we in 2000 people in one day. that was mostly for hospitals. today, the testing is still there. the biggest difference is number one, we have kept the epidemic under control. if we have not, then there is nothing to talk about. cases, and foreign workers down. that is a big milestone. secondly, it is no longer such a big constraint the more. 30,000 tests doing per day and going

i'm francine lacqua in london. tom keene is in new york. tom, it's friday. we have gotten through the week, a number of different stories across economics, finance, and politics. we look at the u.s. election, 26 days away from that. we need to always look at the polls, and we have this big news --arding tom: yesterday was extraordinary. we are still regrouping in new york from the news flow yesterday of transactions and of course of the president of the united states. the number one breaking story here in the zeitgeist of the east coast is that the president appears to be healthy, and the real decision for him today is, does he do a rally tomorrow in one of these key battleground states? that seems to be the topic is topiceck the topic -- the du jour. francine: let's get to first word news in new york city with ritika gupta. ritika: the white house is once again shifting its position on a stimulus package. treasury secretary steven mnuchin told house speaker nancy pelosi the administration now once an agreement on a large-scale relief bill. earlier this week

that francine lacqua and london. we have hsbc, we talk about dividends. bp saying it will be a very volatile couple of quarters ahead. tom: the pandemic overlay was still ahead. that was the theme yesterday, far more than the election, it was certainly the talk of new york. every conversation was about a reinventing of the pandemic. thee going to try to put nearlyhrough today, not as much damage as you would we are witht here futures up six. francine: and what is also significant is a lot of european countries, there seems to be a backlash against governments that are trying to put too many restrictions in the eyes of people that want to get back to work. we will have a look to that. let's get to bloomberg first word news with ritika gupta. ritika: amy-- new coney barrett has been sworn and as a justice of the supreme court. voted 52-48 to confirm her. chief justice john roberts will administer the second oath today at the court. her confirmation solidifies the 6-3 conservative majority. the record can arrive bit more toward the goal of 170 billion dollar

. ♪ tom: good morning, bloomberg surveillance, tom keene and francine lacqua. andrew is with us from john hopkins university. one of the great virologist in pandemic. and we are considering the world food program with the united nations. this is an extraordinary vehicle that has been profoundly inortant over 50 years stopping starvation. andrew, i never asked this question in the pandemic, but it speaks to india and poorer countries. nutritiontion -- fold into the recovery of a virus-infected patient. we are fat and happy in america has a general statement, fold in the importance of nutrition within the pandemic. andrew: good health is one of the factors that really drives the differences that we have seen in terms of disease for -- disease severity and prevalence. a lot more doctors play into it, if we are going to focus on nutrition, being fat in america is not a good thing when it comes to covid-19 because of the more severe diseases that are there. the converse is true. diets, those poor can make one more susceptible to infectious diseases. sometimes in ter

was the credit suisse ceo speaking to francine lacqua. today, we will look at how chinese lenders are faring. asia."n "daybreak: this is bloomberg. ♪ ♪ paul: australian wealth manager amp says it has received a takeover approach from a u.s. firm and that there are early talks. amp saying that this offer is very preliminary, deep in the realm of theory here. is this even going to happen? >> it is strong enough that amp has had to come out and say that they had an approach from ares, and strong enough that shares will react often. early indications are that shares will rise by at least 9% in the early openings. it is certainly strong enough for amp to say something. as you say, it is very early stages. but it is also great for shareholders. ofer about two years inndals, losing holdings 2018, they would be very happy asset.e is an >> how much business is ares doing in australia? >> at the moment, not much at all. isood foothold in australia the booming wealth management industry. amp has had a lot of issues in .his area misconduct.rvices

francine lacqua is standing by. toncine: we are delighted speak to the managing director of the imap, kristalina georgieva, a woman who has not slept in days because of the

francine lacqua got a picture of just how many cases have been rising across the u.s. with joshua sharfstein, johns hopkins bloomberg school of public health vice dean. >> there are so many cases in the midwest in critical battleground states. wisconsin and michigan, the numbers are surging so i think it is on everyone's mind whether they are connecting it to the election or not and health care is important because the trump administration is in court trying to undo the affordable care act which supports the health care of millions of americans. it has really been on the mind of many voters. francine: if somebody comes up to you and says i'm fed up with the lockdowns, the restrictions -- it does seem like there is restriction fatigue across the world -- what are the figures and numbers you remind them of? dr. sharfstein: well, first of all, i would point out at least in the u.s., there are not lockdowns in the moment. people are not recommending lockdowns. they are recommending reasonable steps and vigilance. not pretending the virus is not here. haveind them that 216,

francine lacqua is off today, meaning tom keene asked for a friend and got many upset, and he got to as well. it was three of us for the next three hours. tom: the trifecta of agony to say the least. go,. days to -- go. tom: we will get to set -- kevin cirilli in a moment, but i have to go back to how all of this comes back to stimulus. i was thunderstruck by the 700 dow point move yesterday, top to and i did not expect that. >>

i'm francine lacqua in london. tom keene is in new york. tom, i have to say i watched a lot of the president's dismissal from hospital late last night, late into the london night, and i was surprised but two things. first of all, there were more than 25 tweets by the president, not one mentioning his wife or other people infected, and trying to play to this bravado of he has beaten covid-19. i don't know how that will play out into the polls. ," for the international audience -- tom: for the international audience and for you, i will just say that the nation stopped to see this. there is no other way to put it. obviously a vice presidential debate, kevin cirilli is on top of that. but far more, we will find the path of this virus with the president. he says he is maybe not immune. rumor has it he is not immune, he does have the virus. so we will see on that. but far more, we will see the polling after the debate, and then the polling after this illness, and that will be fascinating. that is a great unknown. francine: and that will of course

tom keene in new york, francine lacqua in london. it's ordinary news flow, not only to battles of brexit between the united kingdom and the e.u., but the shock four or five hours ago, the president and the first lady announcing that they have the advisor -- they have the virus. completely encompassing all the other news flow. they are resting comfortably at the white house. part of this is the american labor economy, the challenges we see in weekly claims and of course the jobs day. randall kroszner joins us now from chicago booth school. he is wonderful on our financial economics, and that of course means the dynamics of the american system. they kroszner, what is elasticity of our labor economy now? it seems like corporations are finding it very easy to jettison employees. what does that signal about the path forward? randall: certainly we saw this enormous initial spike in the unemployment rate, and then with 22 million jobs being shed within the first couple of months. we have gotten back about halfway, about 11 million or 12 mil

i'm francine lacqua in london. tom keene is in new york. there is no story in town other than the fact that the president has tested positive. i think we start from the very beginning, either the president makes a quick recovery and we look at the polls and whether that impacts the election outcome, or he doesn't and that brings us into the fog and what could happen. ," the fog of the medical statistics, one thing we know is that we are much smarter than we were in march or february of last year, and those are strict test -- those are stressing statistics. trust me, i got a lecture this morning on my way into work about these risks of age and weight, and the number one message i have worldwide is not what you or i think or what all the good people of journalism -- it is what the medical people think, and they are one week out. they are one week out, and then they are in search of pneumonia. the linkage of bacterial illness with this virus is what the pros are worried about. wish everyone a speedy recovery, but that is a timely reminder. we

on the imf, i need to remind you of francine lacqua's important panel at the international monetary fund, including laurence fink of blackrock. themportant interview with managing director of the imf tomorrow. let me get to a data check. we look at markets that have ebbed away from the nasdaq enthusiasm two hours ago. nasdaq as iton the exploded yesterday. the apple meeting at 1:00 eastern time. opinion,ered amateur it is different this time around. this is a meeting that will have to live up to huge expectations of the technology crew at the fan boys. yields in, no question. gilts .74 and the 30 year bond 1.53. .74.e 10 year yield the international monetary fund out with the report, the 2020 call less grim than what we saw in april, but i will tell you, the 2021 view is cautious. that means it will always be a good time to speak with imf chief economist to go beneath the headlines we saw in the blue book of the imf. you can look for that as well in our 10:00 hour. stay with us on bloomberg radio and on bloomberg television. good morning. ♪ ♪ jonathan: from new york and london for ou

from: joshua sharfstein johns hopkins, bloomberg school of public health, speaking to francine lacqua. that school is supported by michael bloomberg, founder of bloomberg lp and bloomberg philanthropy's. more questions loom with president trump's return. aides are hoping to keep him confined at the white house but are uncertain about how long that will last. receive said to remdesivir at his residency it on the line is max neeson, who covers health care, i'll text, and pharma. biotech, andned -- pharma. i mentioned antibody cocktail from regeneron. he received doses of supplemental oxygen. what do all of these treatments tell us about president trump's condition? caveat that i am not a physician and i am working from the same somewhat limited and sometimes contradictory information as everyone else, from the president physicians, it's quite a confusing story and potentially a concerning one. is quitexplanation possibly that they have just been very aggressive with the types of treatment they are trying, hoping to catch the virus early, hoping to get as good of an outcome as possible f