manus: good morning from bloomberg's middle east headquarters in dubai. i'm manus cranny. your top stories this morning. surges across europe and the u.s.. italy announces new measures to stop the spread of the pandemic. stock futures retreat, treasuries rise. stimulus talks remain deadlocked in washington. democrats and republicans, accusing each other of moving the goalposts. the election is next week. china's leaders meet to draft their next five-year economic plan and the virus recovery. we are live in beijing. -- adi terry warning warning from the world health organization. we are in a dangerous place. we are not going to control the virus. are we perfectly positioned for risk? i take you to the changing risk in the polls. and thethe bond market polls. a blue sweep from a 62% probability to 51% probability in a month. it is a curve. overextended to the upside. these are the markets this morning with the risk from the white house. we are not going to control the pandemic. there are lockdowns in spain. are you pricing equity market risk appropriately? markets are tradin

manus: ok. let's play that. you probably want to be longer on american banks that you would on europe. will you shoot me down? seema: no. i fully agree. we've had some pretty decent surprises from a lot of the european banks in this earnings season. the market has moved on. it is focusing on the macro challenges ahead. for europe, the challenges look far greater than in the u.s.. manus: ok. there you go. enough of this discourse. i don't think i'm supposed to have an opinion on which banks anybody wants to hold. that's why i need experts like you. stay with me. some old characteristics you can't kill. coming up, the ecb president will speak to a press conference today after the meeting. what is the message from madame lagarde? that is 1:30 u.k. time. this is bloomberg. ♪ manus: it's bloomberg daybreak: europe. we've had the numbers from standard chartered, better than estimated earnings on loan losses, easing, and key asian markets rebounding. it has ample room to fund growth, they say. that holy word, dividen

manus: good morning from bloomberg's middle east headquarters in dubai. i'm manus cranny. annmarie hordern, in london. >> it has been an interesting journey. i've learned a lot about covid. this is the real school. this isn't the let's read the book school and i get it and i understand it. a very interesting thing and i'm going to be letting you know about it. president u.s. unexpectedly leaves possibl -- hospital to greet supporters. risk on returns. the president could leave walter reed as early as today. on stimulus, he tweets, get it done. france plans fresh restrictions amid rising cases. boris once the u.k. of a tough winter and the chancellor speaks today. london, 9:00 a.m. in dubai. hey good morning to you. well done on friday. the world looks this morning at where complete chaos is, for the moment, taken off the table. that is reflected in dollar-yen, the dollar. we don't know the full status of trump's health, but for now, the complete chaos. seems to have been tempered. annmarie: yeah, we are getting conflicting reports and confusion out of d.c. regarding the pr

manus: it's "daybreak: europe." i'm manus cranny in dubai. we have a message from his royal highness, the worst is over. he was at the india energy forum. you see what happened. an absolute battering yesterday when the market woke up to the fact america was not going to control the virus. that was the message from them, down went the market and we managed to put a little more on the sheet today. we tanked by 3% yesterday but the prince says stay vigilant. stick to the agreed production cuts. he was speaking at the india energy forum. oil demand is recovering. there will be a deficit of 8 million to 9 million barrels. he wants us all ouching. aresbc, the shareholders ouching less because they've got a narrative on credit losses, accounting principles, meaningless provisions. we will get closer to the 8 billion, not 13 billion. dividends, asian shareholders will like that. there is talk of return to a dividend and the cost cut narrative, also escalating in terms of what ewen stevenson has got to execute in terms of jobs cuts. ofis not the absol

manus: ok. hold those thoughts, don't go too far from your zoom call. henrietta pacquement from wells fargo asset management on the great rate debate. first word news flow to be had. laura wright in london hq. >> google is being sued by the u.s. justice department for abusing its monopoly in search. it is seen as the most significant antitrust action against an american company in decades. google controls about 90% of the search market in the u.s., and the doj says that is "an unchallenged gateway to the internet." the u.s. is accusing google of using exclusive deals to smother competition from rivals. case is deeplys flawed and risks harming american consumers. we compete vigorously in the marketplace. our industry, our sector is marked by prices that are free or falling and rapid innovation, and those are really hallmarks of a competitive industry. >> the u.s. and eu are heading for a clash over their preferred candidates to lead the wto. --rces tell bloomberg that brussels is supporting niger

manus, gyorko. among. gloomy back drop of cases ticking higher in europe and the united states, we had this v.p. debate. the virus front and center. for me, at least it was a little more polite, more policy to the forefront. both candidates really did dodge questions. for kamala harris it was about the supreme court dodge arcs and for mike pence it was about accepting election results. good morning. manus: good morning to you. it was much more formulaic and controlled. kamala ed about it, harris went back and said where did mr. trump borrow his money from? she went straight after the affordable care act. he went after her on the energy debate in terms of where she stands on fracking, and where biden stands on big policy. but it is the polls as well that are reflecting something quite monumental in swing states, sunshine states. annmarie: florida, one of them. the sunshine state of the united states. you see this massive lead now from former vice president joe biden in that state. also if you look at this p

manus: ok. lives, all of our social lives were economic lives depend on that vaccine coming forward. always great to get you on the show. we miss those early morning, cold, winter in vienna. be well, chief oil analyst at energy aspects. we will be back in vienna with his royal highness chasing ministers. this is a ceo we chased for nine years. a lot of quarterly results together. ubs, the end of an era at but sergio ermotti has other plans. he oversees his last set of results at the helm of ubs. my new interview rolls out at 7:00 a.m. and it is all about banks. this is bloomberg. ♪ annmarie: just over an hour away from the european markets open. i'm annmarie hordern with manus cranny. 10: 30 a.m. u.k. time, boa policymaker will deliver a speech on the u.k. economic outlook. 1:30, housing and building permits data out of the united states, both expected to pick up in september -- december as we have record low mortgage rates and that supports demand. manus: absolutely and the new york fed presi

this is bloomberg. ♪ manus: thank you very much. european leaders meet in brussels amid growing concerns that the 750 billion euro recovery fund could be delayed. we discussed. this is bloomberg. ♪ ♪ manus: this is bloomberg daybreak: europe. annmarie hordern alongside me in london. to europe and beyond. the leaders meet in brussels for a summit with the talks ranging from china to brexit. the meeting comes amid growing concerns that the 750 billion euro recovery fund could be delayed. stumblesation faces over the rule of law conditions. maria tadeo tracks every nuance from brussels. good to see you this morning. where are we in terms of this recovery fund? i thought we were there. this is very europe. maria: [laughter] exactly. in market had already priced that we would be there by early 2021. that was the idea. the idea that the recovery fund would be operational by the start of the year. the commission would give you an upfront payment. by mid-2021, the money would flow to countries that need that funding like italy. it's eur

good morning, manus. the top story today has to be between this tug-of-war between the white house, president trump pleading he's going to pull the plug on the stimulus talks with house speaker nancy pelosi and then the fed chair, jay powell, unequivocal in his bid for fiscal stimulus. really telling congress that they need to do it, and also what he is saying is that the risk is not having enough. at the moment it seems like he said who cares about the deficit, it's time to start spending. that: absolutely, and jives with what christine lagarde had to say yesterday afternoon. prudent,ne said be doesn't matter what it costs at the moment, get on with it. so you've got lagarde, powell and lane all chiming in with that narrative. to the markets, because in that one tweet yesterday, bond volatility exploded, the s&p dropped by 1.4%. we managed to pick up a bit on the back of the tweets. it has turn the narrative around. , has the reflation trade busted? it house committee saying was a democrat committee sayi

manus? manus: that's a tough day when you can't get the currency traders to waken up to the prime minister. juliette saly, the latest on the pound. tim graf has written quite a lot in his notes on the state of the nation for the u.k. he is with state street global markets. fairly quiet relative to the prime minister's chitchat. you have a downbeat view on the u.k. do you think they will do a deal, and is that why you are downbeat? or are there other factors at play? tim: at this point, deal or no deal, economically, not a huge amount of difference. the shock of no deal will be a good thing, but, longer term, the u.k. is still distancing itself from its largest trading partner. it's going to make it very difficult. it's going to make u.k. assets less appealing over the long run, not least on the equity side of things, given the concentration of financials and the energy sector, which have their own problems anyway. i think, longer term, to attract capital to what is still a twin deficit econo

manus: laura, thank. coming up on the show, president trump returns to the white house, telling people not to fear the virus, despite killing over 200,000 americans. we discussed. this is bloomberg. ♪ annmarie: good morning morning. this is "bloomberg daybreak: europe." president donald trump returned to the white house after three days of treatment for covid-19 at walter reed hospital. in a video released shortly after, he urged americans not to be afraid of the virus. take a listen. >> don't let it dominate, don't let it take over your lives, don't let that happen. we are the greatest country in the world. we are going to back to work. we are going to be out front. annmarie: let's get more with bloomberg's senior editor. thank you for joining us. president trump has left walter reed medical center, he returns to the white house, although one of his doctors has said the president at the moment may not entirely be out of the woods. what is next on his recovery plan? >> yes, there is still more time to r

. ♪ manus: let's get the first word headlines. sales have topped estimates boosted by demand for cloud services. revenue climbs 12% marking the tech giant's 13 straight quarter of double-digit growth. the ships to working at home has helped internet-based services. microsoft is number two in cloud behind amazon. italy's government has approved a new relief package to help sectors hit hardest by restrictions. the measures are worth 5 billion euro, including targeted aid amid growing protests of unrest across the country. hundreds gathered in rome after of violence in milan. china's economic recovery is showing mixed signals while broadlyg steadily -- steady in a tober with the property market also weakening as the world's largest exporter, china is exposed to a worsening outlook in the rest of the world. the domestic economy remains robust. more likelykers are to lose their jobs after being furloughed according to a survey. about a fifth of young people off.been laid a similar percentage of -- global news, 24 hours a day, on air an

manus: ok. raj: that's what investors will end up focusing on when the initial wave of digesting the outcomes of the election have passed. annmarie: hold that thought. we will bring you live coverage of the final u.s. presidential debate, mute bunton -- button and all, tomorrow morning. coming up, inching closer. nancy pelosi says she and mnuchin are making progress on the stimulus deal. we've heard this before. the saga continues. stay with us. this is bloomberg. ♪ annmarie: very good morning to you. as the virus rages on in the united states, hospitalizations for covid-19 have reached a two month high, the numbers at the highest point since august 22. while we still don't have a stimulus deal, nancy pelosi's camp says she and steven mnuchin have made more progress. they are set to speak later today. senate republicans continue to raise objections. our guest is still with us. quickly, your thoughts on the stimulus. your initial reaction in terms of, do you even see a deal coming to fruition t

anna: manus cranny checking the m&a story. we keep doing that no matter who is leading the business is in the banking sector across europe. manus cranny with that great interview for ubs. we've got breaking news coming through here in terms of what's going on in the u k corporate space. seems tolike revenue be in the low single digits. coming through from the makers of various cleaning products. point 3%.3 the estimate with an increase of 8.6%. not a bad performance versus the estimates from this business. and to the rest of london. up next we will talk about the various lockdown measures. site taking shape across europe. in particular, islands sweeping with the pandemic restrictions. and the viruses expected to spiral out of control. this is bloomberg. ♪ anna: welcome back to "bloomberg markets: european open." will have aif we sluggish start to the european trading session. perhaps this reflects the u.s. sentiment as yesterday. u.s. features are pointing to the outside. we are up by three to five cents of a percent. the u.

manus cranny. sagaf a ciga -- and of a -- end of a saga. this is bloomberg. ♪ yousef: you are watching "bloomberg surveillance." i'm yousef: do now iodine in or by -- i'm yousef gamal iodine in dubai. -- a relief package -- they are making progress, but there is disagreement on part of the language. they don't believe that we are going to get anything before the election, at least nothing meaningful. stocks in europe just falling back from the initial losses. up .2%. -- we are in the bond space, we have news on the european union's first offering of social bonds, receiving orders of more than 150 billion euros, a record for a dual trench issue in the euro area. watch for some of those key metrics around core european bonds. $100 stand out after a surprise coming from the rba a few hours ago. currently we are lower by .2%, then grant crude -- then brent crude down .8%. it is a bigfutures, week for earnings. we are waiting for netflix and progress around the u.s. stimulus package. where called just marginally higher. sizable he higher over

>> you're a liberal hack. >> manu is one of the most respected reporters on the hill, known for asking fair and relevant questions like that one. it was glaringly apparent mcsally's weird attack was premeditated to put her in the spotlight as a trump ak light. she then was on fox and put the slogan on t-shirts and fund raised off it. most important of all, used it to ingratiate herself to the president in his hour of judgment. months later with her political future in doubt as she and trump fight to keep arizona red, she appeared in a debate with mark kelly, made headlines for softening that appeal. >> are you proud of your support for president trump? >> well, i'm proud that i'm fighting for arizonans on things like cutting your taxes. >> are you proud of your support for president trump? >> i am proud to be fighting for arizona every single day. >> is that a yes or no for president trump? >> putting legislation on president trump's desk. >> she wasn't the only embattled republican incumbent that had trouble with that question. >> are you proud of your support with donald trump? >> i

manu raju, thank you. we will watch this one as well. >>> coming up, massive voting numbers and likely postal night waiting game. but some things are too serious to be ignored. if you still have symptoms of crohn's disease or ulcerative colitis even after trying other medications, it may be a sign of damaging inflammation, which left untreated, could get much worse. please make an appointment to see your gastroenterologist right away. or connect with them online. once you do, seeing the doctor is one less thing to worry about. need help finding a doctor? head to crohnsandcolitis.com need help finding a doctor? who's sujoe biden.rop 15? biden says, "every kid deserves a quality education and every family deserves to live in a safe, healthy community. that's why i support prop. 15." vote yes. schools and communities first is responsible for the contents of this ad. traffic and air pollution will be even worse after the pandemic. that's why we support measure rr to keep caltrain running. which is at risk of s

let's quickly go to cnn's manu raju. manu, tell us what you're hearing. >> reporter: yeah, pretty extraordinary move by senate democrats, who sit on that committee. they announced that they plan to boycott tomorrow's key committee vote that would advance the nomination of amy coney barrett to the senate floor. there are ten democrats on the committee. the ten democrats do not plan to attend. instead they plan to put pictures of people affected by the affordable care act in their seats instead. of course this all comes as the democrats' message has been -- >> manu, i'm going to interrupt you. we're going to get back to you. but we're told -- here he comes, the former president of the united states. he's got a mask that says "vote." there he is, barack obama. this is his first stump speech for the biden campaign since the democratic convention. got a nice crowd over there in philadelphia. but they've driven their cars there. you'll see a wide shot fairly soon. the former president, let's listen in. >> hello, philadelphia!

manu, thank you very much. so, there's only weeks left until the election. mike pence, kamala harris, they are going to face off so make sure you watch. the only vice presidential debate of 2020. it airs on wednesday night, right here on cnn, with special coverage starting at 7:00 eastern. i'm so glad that you could join us this evening. thank you so much for watching. i'm don lemon. our coverage continues. the lack of control over my business made me a little intense. but now i practice a different philosophy. quickbooks helps me get paid, manage cash flow, and run payroll. and now i'm back on top... with koala kai. hey! more mercy. save over 30 hours a month with intuit quickbooks. the easy way to a happier business. we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. ou

manus cranny has been following him his entire tenure at the bank. later this week, a settlement meeting, to impose retaliatory tariffs, $4 billion on u.s. exports. tomorrow, hsbc, one in a long list of banks reporting this week. ofnesday, the ceo's facebook, twitter, alphabet, all expected to testify before a senate hearing on eight speech, this information, -- on hate speech, misinformation, and privacy on the platform. the comments we want to hear from christine lagarde, back to celebrate her first anniversary at the helm. friday, another slew of bank earnings. west net group, banko subadult, -- joining us now is richard jones. let's first start with the price action today. lower equities, lower yield. you say this is a blueprint for what is to come. explain. >> good morning. i think what we are seeing in stocks and the dropping u.s. treasuries and bond yields, it could be a blueprint for the price action we will see in the coming weeks and months. what is happening specifically today is disappointment that it looks like we are not going to get ne

manus: he was the visionary behind samsung electronics. the transformation from chief applieance maker to the biggest maker of phones, memory chips. he began pushing the company up the technological ladder after taking to the helm in 1987 following the death of his father. famously telling employees to change everything except your wife and your children during his drive to challenge rivals such as sony. samsung had 1990's, surpassed its japanese and american peers, it became an industry leader in memory chips. began dominating flat-panel displays and high-end mobile markets soon after. the global electronics powerhouse today is south korea's corporate crown jewel. and the cornerstone of the economy. a device at the top has its setbacks and controversies. lee was mired in political scandals in the late 1990's after being convicted of paying bribes to the government in 1996, for which he was pardoned a year later. in 2009, he was found guilty of tax evasion and breach of duty for intentionally causing losses at a samsung subsidiary. neverth

cnn's manu raju is live on capitol hill from us. manu, what was your biggest take of the day so far? >> reporter: the democrats made clear that going into this hearing it was all about the affordable care act. they wanted every single senator to make the case that their concerns about her as a justice could potentially strike down the law when it comes before the court on november 10th. of course, she had previously criticized justice john roberts' decision upholding the constitutionality of the law, so expect those questions to be directed to her when she comes before the senators tomorrow. now, when she had a chance to make her own case, she talked mostly about her family, but also talked about her judicial philosophy and her argument that it should be up to congress to make law, not the courts. >> courts have a vital responsibility to the rule of law, which is critical to a free society. but courts are not designed to solve every problem or right every wrong in our public life. the public should not expect courts to do so and cou

manu raju, cnn, washington. >> thank you, manu there. >>> we're tracking delta this morning. the first look at damage overnight. look at this. goodness, the wind. now i want to tell you, delta is a tropical storm this hour. it's knocked out power to more than 700,000 people in texas, louisiana, mississippi. >> the wind from delta, you can hear it there whistling through this home in sweet lake, louisiana. more than half a million people are without power in louisiana alone. look here, you've got the flooded streets. this is from the hospital parking garage you can see here in lake charles. flash flooding is a huge concern because of the heavy rain there. still that storm is moving through. delta is also damaging some areas that have already been hit by hurricane. laura, that was six weeks ago. this is the fourth named storm to hit this year. >> derek van dam has been riding the storm out in louisiana. he's with us from flooded delcambre, louisiana. what is it like this morning? >> reporter: good morning, victor and christie, we are in vermilion parish. we are in delcambre, lo

harrison, manu raju at cnn. do you have a quick minute to talk before the debate? we've been trying to talk to you for this -- your campaign hasn't been responding to our questions. do you have a quick second to talk about the debate, how it went? any questions from cnn. will you take them? at the debate harrison attacked graham over his repeated promises in 2016 and 2018 not to advance a supreme court pick in a presidential election year. >> you can use my words against me. >> just be a man of it and stand up and say i changed my mind. >> reporter: graham was unapologetic about his reversal. >> amy coney barrett will be a buffer. >> reporter: yet it's that kind of shift that may cost graham this voter in myrtle beach. >> i kind of liked him until he flip-flopped on the supreme court thing, and that kind of turned me off. >> reporter: but graham thinks most voters will ultimately reward him in his quest to keep the court and senate conservative. are you worried voters may have lost trust in you? >> not at all. i think voters can trust me to be fair. >> thanks to ma

manu, thank you very much. so, there's only weeks left until the election. mike pence, kamala harris, they are going to face off so make sure you watch. the only vice presidential debate of 2020. it airs on wednesday night, right here on cnn, with special coverage starting at 7:00 eastern. i'm so glad that you could join us this evening. thank you so much for watching. i'm don lemon. our coverage continues. my father always reminded me, "a good education takes you many different horizons" and that sticked to my mind. so, when $1 a day came out, i said, "why not"? why not just utilize that resource. and walmart made that path open for me. without the $1 a day program, i definitely don't think i'd be in school right now. each week for me in school is just an accomplishment. i feel proud every step of the way. (fisherman vo)ce) how do i register to vote?ential election... is just an accomplishment. hmm!.. hmm!.. hmm!.. (woman on porch vo) can we vote by mail here? (grandma vo) you'll be safe, right? (daughter vo) yes! (four girls vo) the polls! voted! (grandma

manu raju is tracking this for us up on capitol hill. manu, no breakthrough. am i right. this is more about the campaign than about helping people. >> yeah. this is about the democrats saying what they would do if they had their way but they need republican support particularly to get it out of the senate and as a republican in the white house. this the bill will pass along party lines later today. it won't go anywhere in the senate and then the focus will be back again on nancy pelosi and steve mnuchin, the treasury secretary and house speaker, on whether or not they can come to some sort of agreement. they have been talking in recent days. they have moved a bit closer on the overall price tag but they are still far apart. the administration is willing to go up to 1.6 trillion and the speaker has come down from her $3.4 trillion approach to about $2.2 trillion but that's on the price tag. there's a whole host of policy differences that they are far apart on, whether it's how to deal with funding for schools, whether it's how to deal with the $600 a week in expired jobles

let's begin with manu raju who joins us on capitol hill. good morning to all our experts. glad to have you here. it's a big day. manu, walk us through how today's going to go. >> reporter: it's going to begin with opening arguments on both sides, rotating from democrat to republican up until when the witness herself, amy coney barrett, speaks, gives her opening statement. questioning won't begin until tomorrow. there will be two days of questions. we'll see a lot of feisty exchanges between democratic senators and amy coney barrett tuesday and wednesday and then the key moment on thursday when republicans will begin the process of considering her for a vote in the committee. at that point, republicans need to have a quorum of members, essentially all their members here to move forward and already two members have in the recent days tested positive for the coronavirus as mike lee and thom tillis, they sit on the committee. just this morning, mike lee of utah said that he would attend these hearings in-person. he says he's been cleared by his doctor to attend. thom tillis, i

cnn manu raju on capitol hill. manu, walk us through exactly what house speaker nancy pelosi is raising. >> she's been raising concerning about the medication he's taking and erratic behavior, walked away from stimulus negotiations, pulled the plug on that, then suggested he wanted to move ahead again, raising questions about whether the president is impacted any way about this. even suggesting perhaps may call to invoke the 25th amendment, of course, the procedure under the constitution that would require a majority of the cabinet as well as the vice president to say the president is incapable of doing his job. that would lead to the vice president immediately becoming president. she said she'll talk more about this tomorrow. what pelosi was asked today is how to explain the president's recent behavior and she said this. >> the president is, shall we say, in an altered state right now. i don't know how to answer for his behavior. there are those who say when you're on steroids and/or if you have covid-19, or both,

cnn's manu raju live on capitol hill for us tracking this. it is a bit of a stunt, manu, but the democrats are trying to say they have a point. >> they're raising concerns about the president's conduct, his behavior after getting infected with the coronavirus. but they're saying this is not necessarily going to apply to this president, but for future presidents. this is not expected to get a vote before the election, but the speaker of the house, nancy pelosi, indicated that this is something that potentially could come up in the next congress. now, of course, as it deals with the 25th amendment, under the 25th amendment, the majority of the cabinet with the vice president could essentially declare to the president is not capable of serving in office. also, the 25th amendment gives the body of congress accomplished by congress along with the vice president the opportunity to move ahead and say that the president is not capable of serving. and at that point, the vice president would immediately become the acting president. now, under this legi

the workday should already be over for dr manu garo but she's making time for a quick interview outside her clinic the authorities have banned doctors from talking to the media however she won't be silenced and she remembers only too well the disastrous weeks back in march when madrid's health care system collapsed. does not get him or do not want to experience that again the government has to do its homework and must keep its promises and more personnel that's the only way we'll be able to master the situation and protect the population. the number of those testing positive in madrid has been increasing dramatically for weeks but instead of dealing with it the conservative regional government got in broiled in a dispute with spain's ruling center left government. epidemiologists under gothia together with $600.00 health care experts released a report accusing decision makers of not having learned from what's happened in recent months. that actions are simply negligent and they aren't intervening the pandemic has worsened again since the end of july and they are apparently hoping that t

let's go live now to live in we're joined by our political correspondent manu good morning to you i'm on the well can you tell us what's happening behind you there in the lead. well you can see just behind me yeah groceries quite and kind of between anything and of protestants has thought he doesn't really have 2 am last night. a cat and mouse game here in a guest tackle you can just reach just taken out through needy we cannot come close there because he has has been used people are being a wrecking turned being turned it into a shiny quite tense right now ok it's tense with a very high police presence we understand this morning we see the police are there and body armor why is this a vacuum wave. receiving so much attention. well 1st off you mentioned police presence more than 2500 families have been says are here in delhi just pointed out for eviction other building which attracts attention because each has been pending home more than 30 years out there i have an us gay activist occupying it is quite a bit of a heaven for a not is an artist i mean nice and clear population and they

. >> cnn's senior congressional correspondent manu raju is on capitol hill for us. where do the talks stand? a reason for people who's need help to be hopeful at this point? >> reporter: they're still ongoing and difficult to get anything accomplished before election day just because of the significant differences that are still outstanding between the two side. nancy pelosi has said they have come closer on some sticking points such as the amount of money provided for testing for the coronavirus, with contact tracing, but a whole host of other issues. lic liability prebz like t like t like l li liability protections. senate republicans aren't going on the level the president is. $2 trillion range. if a deal was reached between the administration and nancy pelosi had woe at leae would pu snoot floor for a vote. >> i'm aware discussions continue between the president and speaker about a larger package. obviously if that were to come over, we'd have to consider it, and would consider it. if a presidential supported bill clears the house at some point we'll bring it to

manu raju is on the hill with where things stand. i think it's tragic, a, that nothing has gotten done but then, b, the president cancels it and then i want a bigger deal. >> the republicans are not on the same page ability what should be included in the next round of stimulus. the senate republicans are moving to bring up a bill the democrats have blocked, $500 billion worth of stimulus provisions including money for schools, unemployment insurance not as much as the democrats want. democrats are expected to block that again. that $500 billion is nowhere near what nancy pelosi and steve mnuchin are talking about right now. they're talking around the $2 trillion range at the moment. an even though the administration, house democrats appear to be closer on the price tag. there are a whole score of policy issues that continue to divide the two parties, whether it's funding for schools, those jobless benefits, the amount of money that should be given for the elections, in addition to covid testing and tracing. that has been a big sticki

manus: nine years. what did you enjoy the most? sergio: well, you know, i would say that i enjoyed most of the days. the fact that, you know, it was always something new. the early days was managing, you aftermath of yet another crisis for ubs, and then starting to reposition strategy and working on the execution and getting tractions with employees and clients was the first focus. over time, things have changed a lot. i have to say, i'm not so sure i enjoyed that. i spent a lot of time in resolving legacy matters. shery: that was sergio ermotti speaking to manus cranny. a quick check of the latest business flash headlines. ubs is planning a compensation revamp with fixed resets rising by 20% as it looks to reduce coaching and lower the bonus. a review of switzerland's biggest bank found pay among employees was less than its rivals. the changes come as competition heats up. coaching teamsh from ubs in recent months. wells fargo is set to be exploring the possible sale of its corporate trust unit and that could affect more than one

manu raju tracking this on capitol hill. republicans promised a fast track and they're delivering. >> reporter: yes. this is a fast moving nomination. typically takes two to three months to advance the supreme court nomination. here they're doing it in just over a month's time. this comes despite their own position in 2016 when they refused to move on barack obama's nomination to the supreme court because they said eight months before an election was too close. nevertheless, the republicans have the numbers. they moved ahead today. lindsey graham, the chairman of the committee, said before they approved it with 12 republican senators and no democrats, he argued it was the democrats who started all this back in 2013 when the democrats at the time changed rules to allow appellate court judges and other judges to move forward by simple majority rather than super majority of 60 senators. instead, democrats are coming to regret it. >> i remember telling senator schumer you'll regret this. today he will regret it. all i can say is

. >> let's kick it off with manu raju. he joins us on capitol hill. we don't hear from her, manu, until this afternoon. >> reporter: that's right. this is the typical how confirmation hearings work for supreme court nominees. the senators get their chance, 10 minutes to make their arguments. then finally in the afternoon we'll hear from the nominee herself. and then the question will begin. that will happen tomorrow, wednesday. and on thursday we'll hear from outside witnesses before republicans set the stage for this committee vote. the committee vote will happen october 22nd. a sign the republicans are moving ahead to try to get her confirmed before the end of the month, which would make about a month-long confirmation process. much faster than a typical process, which takes two or three months. republican senator mike lee, who tested positive for the coronavirus about ten days ago said he's been cleared by his doctor, he's in the room working. and we expect the other senator who tested positive, thom tillis of north carolina, to later return this w

manu raju live on capitol hill. this will give president trump his third supreme court justice. i don't see anything democrats can do on it. >> they can't. she will be on the seat for life, for as long as she wants to serve. this despite the democratic protest, one of the quickest confirmation proceedings in modern time, just over a month. typically takes two to three months to get it through. this happened in a month. despite refusing to move on barack obama's nominee eight months before the election that year. nonetheless democrats tried to register their objection today by not showing up to a judiciary committee vote that actually advanced the nomination to the floor. none of the democrats showed up, in place they had people affected by affordable care act instead. republicans ignored that, disregarded democratic concerns and plowed right ahead. >> this is a groundbreaking, historic moment for american legal community and really politically. we did the right thing. it would have been wrong to deny her a vote. in my view, if you're a republican, it would have been crazy not to

cnn's manu raju has more. >> reporter: good morning, christie and laura. now, republican leaders are fast tracking the nomination of amy coney barrett, and those proceedings are only just beginning, and there's a real concern now among top republicans. it's will enough republican senators be healthy enough to be president and actually vote. there's no margin for error or very little margin for error: at the moment, the republicans have a very narrow majority, 53-47. that means they can lose no more than three republican senators if they want to get her confirmed. two republican confirms are likely no votes before election day, susan collins of maine, lisa murkowski of alaska. they cannot lose two other republicans. over the last several days, three republicans have announced that they have been diagnosed positive with the coronavirus. that is senators mike lee of utah and tom till us of north carolina as well as republican ron johnson of wisconsin. now, tillis and lee sit on the senate judiciary committee, which will begin those hearings on october 12th. r

good morning, manu. getting my words screwed up here this morning. we saw the majority whip and here's what he said about the timeline he thinks for a deal. listen. >> the election is less than two weeks away, and i believe we'll be back in washington a week or two after the elections and we can do something there. at least elections will be behind us. people will know what their futures are. >> what are you hearing? >> that's similar to what i'm hearing. it seems highly unlikely any deal could be passed, certainly through both chambers of congress, before election day. not only major disagreements between the white house and democrats but the deal between nancy pelosi and mark meadows, white house chief of staff, is having a phone call today with policy staff, speaker pelosi, and expected to speak to some republicans. steve mnuchin expected to talk to nancy pelosi as well. there's a lot they have to resolve. on top of that pelosi said last night was the time they could come to aagreement and that would help them get enough time to get it passed befo

england centre manu tuilagi will miss the finale of the six nations and possibly the entire 2021 tournament — he needs surgery on his achilles. it'll keep him out for six months meaning he'll also miss the autumn nations cup next month. england's lee westwood leads the way at the scottish open in new berwick. a first round 62 means he's one shot ahead of the rest of the field on nine under par. former open champion paul lawrie has announced this week's scottish open will be his last event on the european tour. at 51 years old he says his body is in bits — and will focus instead on the senior circuit. champion jockey oisin murphy says he'll fight to clear his name after testing positive for cocaine. murphy tested positive in france injuly. he faces a six month ban from racing — but he says he's never taken the drug. our sports correspondent laura scott has been following this story for us. good evening. what has murphy had to say about all of this course ella he has maintained his innocence. he says he is never taking drugs. he says he is never taking drugs. he says he is never taking

manu raju thank you so much. up next. crowds gathering at the white house for president trump's first public event since his covid diagnosis. it comes on the same day as a new model forecast almost 395,000 u.s. coronavirus deaths by february. body was moving on its own. it turns out i have tardive dyskinesia, a condition that may be related to important medications i take for my bipolar disorder. tardive dyskinesia can affect different parts of the body. it may also affect people who take medication for depression and schizophrenia. - [narrator] in today's trying times, we're here to help you manage td. visit talkabouttd.com for a doctor discussion guide to prep for your next appointment in person, over the phone, or online. - it's a relief to know there are treatments for td. okay, so, magnificent mile for me! i thought i was managing... ...my moderate to severe crohn's disease. until i realized... ...something was missing...me. you okay, sis? my symptoms were keeping me... ...from really being there for my sisters. so i

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manu raju, what are you hearing? is there confidence they will be able to come up with an agreement by tomorrow? >> reporter: there is not much confidence on that, jake. right now nancy pelosi is speaking with secretary mnuchin by phone. they have a lot of differences and nancy pelosi last hour spoke to her democratic caucus on a private conference call. i'm told by multiple sources on that call she laid out the vast differences that continued to exist between the administration and her position, and while she said that she's optimistic, something she's been saying for days, it's a realization that a lot needs to change over the next day for them to get a deal before the election. the reason why nancy pelosi has set tuesday evening as a deadline is because it needs to go through the legislative process of both the house and the senate, and to get that done in just under two weeks before the election, that would be very difficult to do unless they get that deal tomorrow night. a lot of skepticism, jake, not just on th

manu raju. judge barrett has to listen most of this day and the political arguments are stark. >> reporter: they are. and this is what we've been hearing since the day she was nominated last month. democrats raising concerns about the lightning fast pace in getting her to the bench, as you mentioned 22 days away from the election, has not been a supreme court nominee confirmed after july in a presidential election year. but this would happen, assuming that all goes as planned and it appears it will, she will get confirmed by the end of the month. in a boost for republicans earlier this morning, mike lee of utah, who sits on the committee announced that he is cleared by his doctors who attend today's proceedings he tested positive for the coronavirus, he announced that ten days ago, but the u.s. capitol attending physician said he could participate in today's proceedings. and along with thom tillis, who also tested positisitive about days indicated he'll be back this week. by all accounts republi

manu raju joins us from capitol hill. look, the senator just deciding never mind, don't want to debate? what's up? >> this came after contentious debate earlier in the week, they got into a heated back and forth. oss off calling him a crook because of stock options from beginning of the pandemic. democrats are hammering david purdue saying he profited off this. he pushed back, he is on tv now with campaign ads saying he did nothing wrong, has been cleared, said transactions were managed by an outside adviser, and independent investigative bodies didn't charge him with anything. when i was in george this week, i asked about the fact david purdue has been cleared. >> was he exonerated by bodies that investigated his stock transactions? >> whether or not senator purdue was indicted, what he did was deeply unethical and he should be held to account for it by the people. >> clearly, david perdue didn't want to get involved in back and forth at the debate sunday which is why he is not appearing, instead showing up with donald t

manu raju is live on capitol floor. senator lindsey graham celebrated today's vote, kauing it groundbreaking. that is true. that's exactly why democrats are so mad. >> no supreme court justice has been confirmed after july. this will happen eight days before the election. monday. that's when the ultimate confirmation vote is expected to happen on the senate floor, and no democrats are expected to vote for amy coney barrett. after today, they boycotted today's committee vote. republicans didn't bother them, they still moved straight ahead with this committee vote to approve their nomination, with a 12-0 vote. on the senate floor, two republican senators have raised concerns about moving so close to the election, susan collins of maine, in a difficult race, indicated she is a no vote. lisa murkowski when asked today said she may vote no. she was the lone republican to vote against brett kavanaugh. still not enough for democrats to block this nomination. she will be confirmed likely by 51-49 vote monday night, jake. >> by

cnn's manu raju is live for us on capitol hill. manu, have there been any major surprises so far? >> there really have not. she's not been pinned down on any of these major issues to point to, however. one of these is roe v. wade. why she would not discuss her views as to whether or not the abortion rights should be overturned in any way, despite having a decision to make. she did call that landmark ruling as something that couldn't be touched. she said there were challenges to that ruling so she wouldn't want to weigh in one way or another how it could be changed in any way because the contours of that landmark rule are discussing through the hearings. she said she would not recuse herself if anything goes to the supreme court after the election, despite the president says he would need nine justice oz the supreme court to resolve the election. she said she would not be used as a pawn. there are a number of things that she would not specify her views and putting whether or not she believes poll watchers can intimidate voters at the polls, whether federal law prohibits from being

manu raju is live on capitol hill for us. manu, give us a reality check here. it seemed that the democrats wanted to spend too much, and now the president is saying he wants to spend more than the democrats? >> yeah, the president is all over the place on this. he pulled the plug a few days ago saying he wanted to put off the issue of stimulus talks until after the election that sent wall street panicking. but republican leaders, including mitch mcconnell, says he's agreed with the president's approach. now after the backlash the president received, he's back at the negotiating table. today his treasury secretary proposed $1.8 trillion in a package, moving much closer to nancy pelosi's $2.2 trillion. but, jake, that is far more than what senate republicans are willing to spend. they have a $500 billion plan, and when they went back to a trillion dollars in late july, the republicans were all over it. now he says he's willing to spend even more than the democrats. >> i would like to see a bigger stimulus package, frankly, bigger than the democrats or the republi

manu, to you. as i said earlier, there were three democratic senators who voted for her confirmation three years ago to the seventh circuit. two of them remain in the senate. and then you have at least four, by our count, who didn't meet -- who refused to meet with judge barrett. i'm not -- i don't know, maybe you know if senator kamala harris did meet with her or not. but what do you make of that? not even meeting with her. >> yeah, because a number of these democrats say they don't want to give legitimacy to a process that they believe should not even be happening, given the arguments that we are hearing this morning, even lindsey graham acknowledging that there has not been a presidential election year past july of a presidential election year when a supreme court nominee has been confirmed. now, graham himself was defending this process by saying it's not unusual to confirm someone in a presidential election year, arguing it's different than 2016 when the democrats had the white house and the r

manu, i want to ask you something else that happened at the senate today, causing some consternation. a maskless hug. senate judiciary chairman lindsey graham and ranking member dianne feinstein hugging today at the end of the judiciary committee hearing for judge amy coney barrett. surprising for a couple of reasons. one of them being a lot of democrats don't think feinstein has been strong enough on this issue. >> yeah, and one of the groups, activist group, demand justice, that has spent money to oppose amy coney barrett's nomination put out a statement demanding that feinstein be removed. she praised senator graham before that maskless hug, said he has been fair, this has been one of the best hearings i've participated in. this comes after democrats have tried to portray this process, in their view, as a sham process, something that lacks legitimacy, but they're worried feinstein, essentially, has undercut that argument weeks before the election here, jake. >> manu, thank you very much. appreciate it. as the united states passes 217,000 coronavirus deaths, the highest in the world