ross is he okay wilbur ross is what happens to your phone when you ignore the updates. until today wilbur ross thought tiktok was his pacemaker i'm pretty sure if you zoom out you see jeff dunham's hand up his back the government says china is using tiktok to steal your data america's like we already gave it to facebook, instagram, twitter, alexa, apple watch, ring doorbell, the face watch app. is there anything else we need to hear from wilbur ross >> in connection with executive orders 13942 and 13943 dealing respectively with tiktok and - >> what? that was real? >> jimmy: yeah i think the postal service should half a billion send masks to him in wilbur's defense, he would have coughed into his elbow but he wouldn't have had 45 minutes to lift it >> ooh [ coughing ] >> jimmy: what was that? i think he just coughed up a a piece of taffy he ate during the civil war. today trump's commerce department issued an order saying that new downloads of the tiktok app will be banned in the u.s. starting this sunday >> tariq: wait really >> jimmy: i mean, tiktok might file an inju

still ahead, we will be speaking with wilbur ross later. this is "balance of power." ♪ >> this is "balance of power" on bloomberg television and on radio. i am david westin. scarlet: we see little change right now the focus clearly on stimulus and when we will get it. how much of a gap remains between the two sides, about $600 million. the bottom line is some kind of aid is inevitable. it jay powell reiterated his push for more stimulus again today warning that too little will weaken the recovery. his comments come after a disappointing september jobs support. permanent job losses are piling up at the fastest rate since the great recession. steven mnuchin and nancy pelosi plan to speak again today on a deal after talking for about one hour yesterday. the best case scenario is that they agree to some kind of outline this week and then congress would need to write the bill and return for recess, overcome senate delays and pass the legislation. it could be weeks until individuals get the benefits. stocksseeing tech underperform today. we hav

commerce onretary wilbur ross bloomberg. the house panel has proposed far-reaching antitrust reforms to curb the current u.s. technology giant. new findings target four of the big ten, amazon, google, facebook. dani burger has been looking at this report. take us through the details of the house subcommittee. >> i don't think it would be an exaggeration to say this is some of the most dramatic proposals if passed in more than a decade. the findings say these big tech giants are gatekeepers of the digital economy and they are the ones who have been deciding who the winners and losers of the economy is. that means has been less competition and less choice for consumers, as well as just less innovation. so how are they going to address this? they are saying the platforms cannot compete with any of the companies that rely on the platform. it is also limiting the markets they can engage in, and acquisitions going to be presumed anti-competitive unless the big platforms can show that there is a public good. finally, they are also

>>and we steve mnuchin test negative and now a commerce secretary wilbur ross test negative. so those are positives that we can take away this morning as well as the fact that the stock market early on news of not the president covid would took a huge i've where just the things really turned around it looks like we're starting to make back some of those losses. so we'll talk more about that too in our 9 o'clock hour financial expert. >>rob black. for now though let's get over to the weather center we've got john trade with a look at the forecast something you'll need to know about as you head out the door this morning job yet another important one guys because air quality is still suffering from wildfires burning across the state, especially the glass fire little clear out along the coastline in half moon bay, but look at this view. >>over from our sutro tower can hardly even make out financial district in the distance air quality the worse the further inland you get with napa especially around that really seeing some of the densest of in red that's very pour and in orange po

with china, it was put lighthizer out there and wilbur ross. he went all in on north korea. he can't have that not succeed for him. so you know, so he thinks it's likely that there will be this meeting right away. >> all right, thanks, victor, good stuff. i've asked sue and victor to talk a little about the near, short-term, medium term future. mark. take us back to the present. where are we to recap the latest rounds? it seems like lines of communication are still open between the leaders. there was a letter a week or so ago. can you tell us where we are in terms of dprk relations and the posture at this point in time? >> yeah, i think we've continued to maintain and publicly and secretary pompeo has on a couple occasions recently that we remained open to dialog, remained open to a diplomatic solution, that we continue to hope to actualize, you know, the spirit of the singapore statement and the goals contained therein, normizing and transformation on the u.s.-north korea, relations and north-south relations, et cetera. so at that remains. at the same time until north korea

secretary wilbur ross, great to see you, sir, thank you. coming up bombshell information tied to russia probe, one key player sounds off with what he knows next. mornings with maria is live on fox business, but first update from the tennis channel. >> hey, welcome to another tennis channel tennis update. sofia one win away from lynching her second major crown of the year after she -- >> i know i i need to come up wh a good plan to win and i need to try to do everything i can and she's playing great tennis and will come up with huge win so i'm happy to have won. >> the tie that lasted and knocked nadia off the court. 3 games on her way to first final at the slam. and don't forget tennis channel live kicks off our coverage of the men's semifinals friday and it all start at 8:00 a.m. eastern. abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it mad

ross testing negative. well state lawmakers are weighing in on the president's covid-19 diagnosis, some of the reaction tonight coming in from a republican state lawmaker. >>who was hospitalized because of the virus so he knows kron four's capitol bureau reporter ashley zavala has that story i would just hope that everyone again would respond like they did with me and separate the politics out of it, i know becomes much harder at the highest office in the last republican assemblyman tom lackey disheartened by the response to the president's covid-19 diagnosis, 3 months after being hospitalized for the virus himself. he says he still doesn't feel like his health is completely back to normal. >>he says he's praying for the president we need to really try to focus on being better people think beyond ourselves california, democrats were mostly quiet on the topic friday by late afternoon governor gavin newsome and the leaders of both legislative chambers stayed silent on the diagnosis, silicon valley, assemblyma

ross the secretary of commerce you had you were you were getting into some of these meetings you were a neighbor of vice president pence they would come to your party so you were doing your job in getting this this going and would love to hear about it a little bit about those interactions and then this. tweet by dawn from comes out where he says many people would like to see nigel farage represent great britain how did it how did that make you feel. i mean you are right it was this digital store all embassies now masses in washington to get as close to the sunni areas in the incoming administration as you can and that's what i was doing with we felt some success or else now it's got flow will quite well already. or of the election campaign and you know i mean shit to me is to manage in general flynn and and the other so we thought we had some reasonable caltex in and i was over in london when the president made his tweet about her our daughters as british as it was because i'm absolutely us i was actually him and to do a speech for speech and then in june in our office and my phone w

this is the secretary of commerce, wilbur ross, over the years he has been doing roll up's in steel industry, speaking of aluminum dumping. this is a tariff based statement come out and we heard one from president trump. he talked about tariffs in his second term with china. this is on the aluminum industry. ross and the trump administration will clampdown. coming up, pandemic updates and the political uproar in madrid over the pandemic. this is bloomberg. the futures are up 15. ♪ ritika: this is bloomberg surveillance. coming later, jp morgan head of the fundamental assets. this is bloomberg. ♪ 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

commerce secretary wilbur ross will be joining him. central bankers are pushing d.c. for more stimulus, and jay powell coming on very strong. this is bloomberg. happy tuesday. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. david: i am david westin. welcome to "balance of power." the president is back at the white house and judging from the tweets back at work. front update on what we know about the situation, we welcome michelle cortez. what do we know and what don't we know about the state of his health? shell: -- michelle: as you know, he is tweeting so we know he is up and about his doctors have said he does not need to be convalescing in bed in terms of some people who have had t

bloomberg saying that the commerce secretary wilbur ross, who is 82, has been testing this morning and is negative. for more guidance on how it affects the congress >> thank you for joining us. the question that everybody is wondering is what does this mean the announcement that the president has tested positive. what does it mean for the marketing and the policies i think the stimulus is very important. it is part of the announcements that we see now. is there more pressure on secretary secretary mnuchin. the news came out and you and i have been talking for weeks about a market about which people are rising the waves and protecting themselves, so i think we saw a sell off and those are sell offs being picked off. the market should be down, the down should be down, that is what happened when the sell stocks kicked in once they washed out then you started to resert into the kind of thing you're talking about. and when pelosi said that the so you're saying little nibbling buying, the sell stops, operating in a vacuum. but we have gone beyond that now. we are making a point that it is no

. >> secretary of commerce wilbur ross threatened to fire top employees at n.o.a.a. on friday after the agency's birmingham office contradicted trump's claim. >> trevor: what began as one bad tweet escalated into a full scale political scanned with not one, not two but three government investigations. like a sharmy drawing a fake path of a hurricane, it's a scanned that simply can't be erased, all because there was a hurricane over a year ago that had a 5 to 20% chance of hitting alabama but ultimately didn't. i remember sharpie gate very well, though i like to call it pengazi. that's all the time we have for tonight. join us next time as we explore the world of porn stars, lill rocket man and five different flavors of racism as we continue to count down donald trump's 100 most tremendous scandals. >> trevor: all right, we have to take a quick break, but we don't want you to go anywhere because when we come back i'll be talking to the legend bruce springsteen. this is the story of two bills. one is used to things being hard. ♪ the other found a smarter way. one doe

a federal judge ruled on this after commerce secretary wilbur ross said he wanted to end the count early by october 5th. some lawmakers said the census would be inaccurate if it ended early. friday the census bury confirmed it will comply with the court's order. 10 million floridians are under a flood watch along the central and atlantic coast. heavy rain is expected to hit throughout the weekend, five inches of rain in some coastal areas expected. >> wildfires have burned four million acres of land in california. the temperatures will be five to 15 degrees above average for the season. more "politicsnation" right after the break. "politicsnatio after the break. >>> for this week's memo to trump, i want to talk about an educational failure and at least this one, mr. president, you can't blame betsy devos. no, this is entirely on you. and your absurd executive orders banning racial sensitivity training for all government agencies and contractors. you recently took to twitter to spout your own uninformed take on the order your handlers no doubt prepared for you to sign, claiming that you'r

we didn't know for sure about the status of the commerce secretary, wilbur ross. there had been hints that he was indeed negative for the virus and indeed, we are confirming that he is. so most of the inner circle, certainly the money guys and the economic guys around the president, all testing negative right now. that would include most of a lot of the family members around him and those who are high cabinet officials. most, again, reporting that they have tested negative for the virus right now besides senator mike lee. we do know the rnc chairwoman ronna mcdaniel has tested positive for the virus. but the president's family, besides his wife, have not. you've still got game. at aetna, we find that inspiring. but to stay on top of your game takes a plan. that's why at aetna, we take a total, connected approach to your health and wellness. our medicare advantage plans are designed to surround you with the care you need every day to give you the confidence to age actively. we offer hospital, medical and prescription drug coverage in one simple plan. with monthly p

commerce secretary backed its plan in arizona, wilbur ross saying it is critical timing given that u.s. manufacturers are looking to onshore manufacturing, given supply disruptions. we have the chinese reopen upon us, futures heading higher over the course of the break, adding more than 2% over the past few days. so looking at a positive start for chinese markets, coming back online amid this bullish seasonal skew and expectations the chinese economy will continue recovering. and on the board, seeing how that plays out in hong kong, chinese stocks listed much consumerth tact and names, alibaba and tencent among best performers as we look for indicators consumer resilience is on the mainland. are signals of more gains for the onshore rate, pboc later today and we have got a china'sprivate read on pmi as well. also on the critical front watching for reaction trump might impose tariffs on china in his second term. let's discuss all this deputy globaleet chief investment advisor lori heinel. we are headed toward an election and are not getting much certainty when it comes to the u.s. stimu

with china it was put lighthizer other, wilbur ross come of the people out there but he went all the north korea. he can't have that not succeed for him. so he thinks it's likely that there will be this meeting right away. >> all right. thanks, becky. good stuff. i passed in victor to talk about the near, short-term, medium-term future. marc, take us back to the present. where are we just recap the latest round? it seems like lines of communication are still open between the leaders. the was a letter a week or so ago. can you tell us what we are in terms of u.s.-dprk relations and the posture we find yourself in at this point in time? >> thanks. i think we continue to maintain and state publicly and secretary pompeo has a couple of occasions recently that we remain open to dialogue, remain open to diplomatic solution, that we continue to hope to actualize the spirit of the singapore statement and the goals contained therein, normalizing and transforming the u.s. and north korea relationship, bringing peace to the peninsula which by extension would be improving north-south relations,

wilbur ross plans to slowly suck on a werther's original until he nods off. [ laughter ] that's kind of cute. yeah i'm not sure about this, joe biden plans to bore trick or treaters with long story about how his friend ron caramel invented the candy apple. and finally president trump plans to smile through a window and be a human jack-o-lantern. oh, well i hope they all have fun. [ cheers and applause i hope they have a good time, it's halloween well, let's change gears, i heard soon you will be able to buy a brand new kind of milk take a look. >> nestle is coming out with cinna-toast crunch flavored milk, aka "cinnamilk." the new flavored milk tastes like a epic combination of cinnamon and sugar deliciousness, with hints of toasted cereal in every sip. >> jimmy: cows - cows heard and were like, i didn't realize what we did wasn't enough for you. [ laughter ] and finally, here's a weird story, a food writer in georgia just created a story on her front porch for chipmunks. >> jimmy: yeah right now, here kids are like, "okay, we need to talk about mom. [ laughter ] we have a great show

it reversed monday's announcement from commerce secretary wilbur ross that the nation's head count would end october 5th. the treasury department imposed sanctions on eight belarusian officials today for their roles in the country's disputed presidential election -- and the violent crackdown on protests that followed. the move came after the european union took similar measures this -- neither the u.s. or the sea -- or the e.u. guatemala's president today warned his country will detain and return members of a migrant caravan that set out from honduras in the hopes of reaching the u.s. he said the roughly 2,000 migrants were a health risk amid the ndemic. the caravan crossed into the country thursday, and rushed through the border without registering. one migrant died trying to climb onto a moving flatbed trailer. and, back in this country, newly-released audio recordings from 2018 show first lady melania trump frustrated by w the media portrayed her response to the administration's family separation policy. the conversations were secretly taped by stephanie winston wolkoff, a former aide

>>wilbur ross let's take a look at what joe biden had to say just this morning on twitter he says i'm happy to report that jill and i have tested negative. thank you for your messages of concern. i hope this serves as a reminder. he says wear a mask, keep social distance and wash your hands. >>and again here the vice president as he was on the campaign trail earlier this week. you know it's it's the people are thinking back to the debate that we had on tuesday when we had the president and the vice president there which is why he got tested because they were on the same stage and the issue of masks came up during that debate and the point was made by the president that joe biden is constantly wearing a mask to the point where the president actually sort of made fun of him on stage for that let's take a look. president on down to have a gun. 2 increasingly questioned the effectiveness of masks as a disease preventer and in fact recently you have cited the issue of of waiters touching their mouse and touching plight are you questioning know i think i understand if you look i mean i have

when the trade war began, wilbur ross holding up a can of campbell's super and saying it would cost you 1.5 cents or 2 cents than it otherwise would. the idea that we can spread the pain of the trade war over the entire nation and it's really not going to be that bad. it's going to cost you an extra penny to buy your can of soup, but allow benefits to flow to the manufacturing workers who deserve special attention. the best piece of evidence i'm aware of that looks at this high -- hypothesis. they look at what the effect of the trade war was on manufacturing and they find that protection from import competition provided in isolation increase manufacturing employment. so, looking at that one component protection from import competition, actually does increase employment by 0.3% under the measure that they use. but that, of course, is not all that trade wars do. trade wars also increase the costs businesses face to purchase the goods that they need for protection, to purchase intermediate goods in the process and they estimate that that effect reduces employment by 1.1%. so, even there, t

recall when the trade war begin commerce secretary wilbur ross going on television link of a can of campbell's soup and saying this can will cost you 1.5 cents or two since more than it otherwise would. the idea is that we can spread the pain of the trade war over the entire nation, and it's really not going to be that bad. it's going to cost you an extra penny to buy your can of soup but that's going to have significant benefits to flow to manufacturing workers who again deserve special attention. the best piece of evidence i am aware of the looks of this hypothesis is a 20 and two federal reserve economist lan and pierce. they do a seems to be a pretty careful job of trying to identify what the effect of the trade war was on manufacturing. they find that protection from import competition provided by the tariffs does in isolation increase manufacturing employment. looking at that one component, protection from import competition, actually does increase employment by about 0.3% unto the measure that they use. that is not all that trade were stupid trade was also increased the costs businesses

stuart: we have this coming at us, wilbur ross has tested negative for covid-19, there is a long list of senior officials who have tested negative as this morning. still the come charles payne will join us on the market's reaction to the virus news and we have a live report from washington, d.c. coming up, all of that coming up for you. stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. stuart: president trump is in quarantine, he's in the white house residence, not the oval office, 32 days to the election, fox news richard, close to the white house, rich, thank you for joining us, the president has a packed schedule but the immediate schedule, has been canceled. >> it has, the president's campaign, they love having person events, they love having him a half would hit true housing contract and joe bide

secretary of commerce wilbur ross with the election exactly one month away and the vice presidential debate scheduled for this coming wednesday. the president's diagnosis raises a lot of new questions when it comes to this debate there's been no indication it will be postponed or canceled. but officials say they are in the process of implementing some increased safety precautions including making the 2 candidates stand 12 feet apart during the debate instead of the 6 feet of social distance that we saw during the first presidential debate. we will continue to monitor the status of the president as we said there will be a press conference coming up in the next hour. make sure you also download the kron 4 mobile app to get all the updates straight to your phone you can also download the kron on app for free as well. it's time now to get a quick check of our forecast with dave spahr dave i was thinking that we're going to be cooler today, but you say we still got another a heat well is a little cooler than cancel steps here but a big step to watch next tomorrow, we'll say watch your ste

the vast majority of people subjected to congressional subpoenas or not like wilbur ross are not superwealthy. there is room in this proposal to allow the head of the agency to be fined. we can do it so that we go after the head of agency if they're the ones that are ordering a subordinate to not come. that's a modification that can definitely be made. >> thank you. >> mr. woodall? >> thank you, mr. chairman. i'll start where you left off with mr. lieu. i think it's absolutely critical that we are able to compel the executive branch to comply with congressional subpoenas. i think our challenge has been the partisanship here in the chamber. it was obvious to you that the trump administration was practicing this obstruction more than any other. i came to town in 2011, so my first vote along these lines was our criminal contempt against attorney holder which passed the house, was referred to the justice department and the attorney general decided he was not going to pursue the criminal contempt resolution against himself. it passed in a largely partisan way. i think we had 17 democrats vote with