so starting going into high school i went to morningstar high school and in all california. i can remember being around the age of 15 or 16 or we started becoming active gang members after high school i've experienced dayton a so-called enemy and 97 was about 18 and experiencing that situation and having a revealed in front of my homeboys. almost cost me my life. and saying that i remember was 97 maybe 2 weeks before my graduation one of my homeboys close to me. wanted to kill me and it was like a dark night i just remember it was kind of dark and it was one light twitching and within that light that was to you know twitching liked i remember looking across the street and it was one of my homeboys from my neighborhood at a trench coat on and he walked up towards me and i remember him telling me i was him and i said well was sub you here to see me and he pulled out the 45 and he put it to my face and. with that within that quick 2nd i snooped the gun very smooth i seen all the bullets and the barrel. and he start talking crazy he was on the start talking crazy talking about y

thank you for joining us, morningstar head of global equity research. plenty more coming up. this is bloomberg. ♪ haidi: it is 9:30 a.m. here in sydney. the market open is about 30 minutes away, the start of a new month. looking for a little bit of positivity when it comes to the start of trading here in sydney after u.s. markets retreated friday and what was a pretty lackluster pre-thanksgiving holiday session to close out that month. i'm haidi stroud-watts in sydney. shery: i'm shery ahn in new york where it's 5:30 p.m. you are watching "bloomberg daybreak: australia." let's get the first word news with paul allen. paul: thank you. the aussie dollar strength and after data on saturday unexpectedly showed china's official manufacturing tmi rising above the 50 level for the first time since april. 50.2 reading easily beating estimates. that boosted investor confidence. one reason to caution is a tweet from the global times sunday saying china wants tariffs rolled back and part of any interim trade deal with the u.s. the german government faces a crisis after the coalition p

still with us is dan kemp, cio emea, morningstar investment management. you have $217 billion of asset management, i am sure you own automotive related assets. i wonder what your take is on the global industry right now. we start to see the consolidation. is it late, and how important is it? dan: i think the important thing to say is that we are primarily asset allocators, multi-asset investors. i am not going to give you a view on individual auto manufacturers, that is for my equity research colleagues to weigh in on. as we think about the industry as a whole and the broader sectors in europe, as we were saying earlier, they are at the epicenter of concerns of global trade. it is an industry that faces clear challenges around sustainability and what is happening to concerns about carbon. there are long-term structural challenges, but more acutely we have seen this worry about autos and trade, and what is happening in the white house. if we see some of those concerns rumblings ofee the a solution to the trade war really coming to fruition, then potentiall

he worked for the "wilmington morningstar," and it was his investigative reporting that gave him the desire to earn his law degree. he graduated magnum cum laude at university of north carolina law school and began a clerk nor judge cintell of the d.c. court of appeals. second, he will be a judge who understands the value of public service. having made a career change from practicing at a prestigious private firm to contributing to our nation's justice system following the attacks of september 11, 2001. he said that his change in career -- and i quote him -- was something i felt that i could do and that i owed the country that had been really good to my family, unquote. he did this first in the central district of california and then in the eastern district of north carolina. professor myers then took a different path of service at the university of north carolina at chapel hill instructing the next generation of lawyers to be people in -- his own words -- and i quote, do the right thing every day, unquote. if confirmed, professor myers will serve on the eastern district of north car

a candlelight vigil for tessa majors was held this morning morningstar park. the 18 -year-old from virginia was fatally stabbed last week in a suspected robbery attempt and police arresting a 13 -year-old in connection with her murder. for now the reports of majors might have gone to buy marijuana. and britney sanders, hitting the campaign trail in iowa today. as former new york city mayor michael bloomberg opens his campaign in charlotte. dmc pushes back against request from presidential hopefuls to change rules to include more candidates. marianna dorian property joins us more. >> hi john up a lot today shows joe biden still believed among democratic voters. 77 percent chance think that he'll be a good chance to beat trump in 2020. what a judge of 40 percent from october. meanwhile at the urging of new jersey senator cory booker who did not qualify for the next debate, another democratic candidates signed onto a letter urging the dnc chair to lower the correctional qualifying for upcoming debates. i know candidates must meet requirements for pulling in campa

if you look at flows, for example, morningstar come up flows this year were mainly in bonds and cash substitute products. the flows and equity started in august, september. the rally that started at the beginning of the year was done with the year was done with very little money of investors. investors started pouring money into markets in september, october, now it is starting. there is a space for more money from investors. i think what investors have -- thed is that equities new bonds, especially with dividends. it is very difficult to avoid. [indiscernible] francine: what industries will benefit from -- i am not exactly sure how you would describe it, traded truce or something like that. it's been 20 months of a to protect between the u.s. and china -- tit-for-tat between the u.s. and china. fiona: the trade war is clearly not finished. a truce was declared yesterday but the trade war is not finished. depending on what happens in the election next year, it could start again. some of the important factors such as technology have not been solved yet. we would be careless if the mar

image certainly not going to stop the weapons morningstar that we're you know that we're at now is that mexico like a hill the former chief of international operations at the u.s. drug enforcement administration thank you for joining us on al-jazeera like it's my pleasure thank you now about 3800000 people have voted in the fast round of croatia's presidential election for more let's go to mary in the monsey who is in our european forecast center. yeah that's right polls have closed in the past half hour in what is expected to be a tight race the incumbent kalinda of each is seeking a 2nd 5 year term as question prepares to take over the european union's or taking presidency for the 1st time that of the church is up against the leftist former prime minister zoran milankovitch and right wing singer shikar of iran alone is likely to be held as no can that is expected to win an outright majority let's cross to a bit of being who is in the creation capital zagreb i think the initial exit polls are showing that the leftist candidate not out of it ship is to be leading. that scar that as you

break down those numbers, our senior research analyst at susquehanna and david schwartz an analyst at morningstar. sam i'll turn to you gross margin is up 20 basis points to 44%. >> they did say there would be more margin pressure in the quarter slightly more than they anticipated. your first conversation about china sounds like china of better than people thought they were expecting a little bit of decel >> david here, they talk about average selling price increase as well as expansion but higher product cost due primarily to those north american tariffs does that surprise you did you work that through in your model? >> i think that's a very good number my number was at 44.1% 44.0 is close. i think they had some one time issues in the quarter including the tariffs and possibly the demonstrations in hong kong and other issues in china that may have had a small impact on the grors mar gross margin >> overall clearly everything is still going very right for this company. is there a question just to where the stock had got to and the valuation? is that why it's slipping? >> it's slipping a little bi

pete: it is your shot of the morningstar wars the rise of sky walker, it's winning at the box office, but a new study finds that winning fans hearts may actually be impossible. ed: researchers at the ohio state university interviewed fans of the sci-fi series before and after screening of the last jedi and found the only ones that liked the movie were those who felt it met their very high expectations. everyone else, even those with low expectations, either hated the film or didn't like it as much as others. >> the researchers say this shows any pre pre conception can ruin your experience, and i would say the force is strong with you two. ed: thank you. >> lisa: that's the only part i know from star wars. pete: the whole study and the takeaway was go to the theatre with an open mind? >> lisa: i would have. pete: you go anywhere, where there are superfans and you're never making people happy. someone leaves ticked off like j ar-jar binks? ed: every time we go out there are super fans waiting to see pete and i don't think they are disappointed. pete: that is not true. ed: in the meantim