and yet, u.s. diplomats, u.s. leaders in their talking points about these conferences, they repeatedly state that the u.s.t is well aware of the devastating impact of nuclear weapons. the u.s. knows that nuclear weapons have these effects, but just because the u.s. knows does not mean the other nations now as well. because this is such an important issue in international security, it serves the npt community, and the international diplomatic community for more of its participants to be better versed in these issues. second, nuclear weapon states could explicitly acknowledge that other states deserve a place at the table when it comes to discussing nuclear weapons. we know the nonnuclear weapon states won't have the same responsibility for negotiating reductions or early verification efforts but they do deserve to be present when it comes to discussing the role of nuclear weapons in the world. we know that nonnuclear weapon states have been affected by nuclear weapons. japan, australia, has extent, algeria, spain,

mark: if you look at u.s. rates compared to other developed rates, the fed is raising short rates and we do not see a breakout in the inflation. that is causing the yield curve to flatten. with rates at zero in japan and close to zero in europe, money looking for higher returns and coming to the u.s. with a strong dollar, that is acting as an additional catalyst. vonnie: what do you do at pimco with u.s. treasury? it does not seem there is image bargaining at this point. mark: we have been underweight and the last year and now moving towards neutral. you have the 10 year at 3%. we think the u.s. economy growth rate near 3% will slow a half percent next year. we think we are approaching a bite super bowl -- signal for short to intermediate. julie: do think the trade back-and-forth is also going to limits andm it -- limit the fed? mark: it could. we think the u.s.-china trade talks is the biggest thing for downturn in the u.s. economy. there is upside risk for capital spending. it is a two-way risk. if this trad

u.s. japan trade talks, which have reportedly been postponed from monday to tuesday. china also returning to the fray, haidi. this could see them pickup in value, but hong kong markets will be closed for a day off. a bit of a breather for the yuan monday after china canceled talks with the u.s., adding to concern around trade. south korean remains closed for the mid autumn festival. analysts are saying changes are likely cosmetic. haidi: thank you so much for that. let's get you the first word news with jessica summers in new york. jessica: thanks. china says the door for trade talks is always open, but negotiations with prior -- require mutual respect. beijing responded to the latest trump tariffs with its own on $60 billion in u.s. products. it also released an eight point -- papersing toer promising to protect core interests. president trump has been briefed on last week's inter-korea summit and said he expects a second meeting with kim jong-un soon. he met his south korean counterpart

the u.s.-china trade tensions. president trump wants to go ahead with tariffs on $200 billion of chinese goods, and the wall street journal reports china may turn this down to restart talks. joining us is bernie kohn. are we seeing a game of bad cop, good cop when it comes to trump and mnuchin? bernie: you have hit it on the head. the question is are they tired of trump's pressure tactics? have they struck trade deals with mnuchin before, only to have it vetoed before? there are signals in both directions. either way it sets up a week in which officials that were due to come to washington for talks, it may not happen at all or may not produce much. haidi: do we know anything about the timing of when such tariffs would go into effect? bernie: that is our understanding. it has been reported monday, tuesday. we have reported it might be in the next few days. i had don't know any of that -- i don't know any of that is wrong. there are a number of wheels turning. one is whether the tariffs are at a

but what the u.s. is doing now shows no sincerity or goodwill. jessica: the u.s. just department has told china tv to register as a foreign agent. they are required to disclose information about funding and expenditure as well as ownership structure. the order comes into the foreign agents restriction act. it covers or ministrations -- organizations that attempt to influence u.s. public opinion. crude oil climbed on indications saudi arabia would be happy with prices pushing $80 a barrel. adjusting to the loss of iranian supply due to sanctions. from that nation they plunged 35% since april. saudi arabia, russia and other major producers are set to review sunday to review the state of the oil market. union isean investigating whether bmw, daimler and volkswagen colluded to limit development of control systems. they received information that the three companies held meetings to discuss technology surrounding auto exhaust. the inquiry is looking at whether they agreed not to compete against each other in developing and introducing new technology. global news 24 hour

u.s. stocks edged lower ahead of the latest u.s. fed meeting and our next guest says the expected rate hike is priced in by now. joining us from naples, florida, is david kudla, founder and c.e.o. and chief investment strategist with mainstay capital management. great to see you again. this week's move is priced in and we're looking at another by december. maybe a couple more next year. i mean, this is a fed that wants to grow but how do things like tariffs play into the murkiness of the outlook? david: we know we have a rate hike later today. in asia or tomorrow for us here in the u.s. and a rate hike later this year. and we think that doesn't change based on tariffs. in the near term, we see a further escalation in tariffs and longer term that will affect u.s. growth certainly and we think growth in china and around the world. but for the longer range outlook for rate hikes, we're still looking at again, rate hikes at the end of this year. and we're forecasting three rate hikes for next year. we don't think that's priced in the ma

the u.s. administration is asking for and what the palestinians see as being fit misc can the palestinian leadership have said that the us administration is actually using humanitarian aid as blackmail and that it's not going to force them to the negotiating table if we look at this case how do you see the u.s. cutting funding to agencies that are in charge of looking after palestinian refugees and the response to it i think there's a big difference we would we were talking about military of bitters coalition support fund which is more military aid for military to carry on it operations i think comparing it to humanitarian aid it's an absolutely different thing humanitarian aid goes to people to sustain themselves who have been you know where who live livelihood shelter food nutrition water all that access is denied to basically a matter of life and debt so what i'm not saying that they're the same what i think that we are doing and we can validate as hourly we're talking about the u.s. you kn

well the u.s. has been the single largest donor to the agency and they're already back and generally they had announced well withhold some of their funds and now this decision to cut back all of them will obviously put the agency into more of a situation of a financial crisis now the agency has tried over the past couple of months to get more support from other countries germany has announced on friday that they will that they're prepared to get more support calling also in other nations still to see whether that can fill this gap but obviously in my actually bring services if you look for example to gaza to the gaza strip you know it's run school said the school has started it's unclear whether the schools can continue for the rest of the year. providing food assistance to. the health. system so it creates a deep anxiety and also uncertainty for a lot of refugees not just in gaza the occupied west bank but also across the region as you said i mean what's taking care of over five million. refugees

i think the u.s. negotiators the u.s. can threaten auto tariffs against canada, that they make it their way. really those tariffs will be so ruinous to the canadian economy, probably pushing canada into a recession that it is a last-minute thing the u.s. can hold out. president trump has talked about this. he talked about it being the mother load. that's come in the end, is probably what will push canada to get a deal done, hopefully tonight. haidi: -- kathleen: on sunday, the wto, and world bank, issued an emergency call for international trade reform. in. will all be meetings the wto having a big meeting and then imf world bank and a couple weeks. is that what is behind this unusual joint call from all three of these bodies that once? ros: you know, i think a lot of it is about president trump. but it is not all about president trump. we have definitely had the u.s. -- or president trump, saying, more than once, including in a bloomberg interview that he is prepared to pull out of the wto. and basically the trump admini

the u.s. and everything else. >> in the u.s., we are not taking risk off quite yet. >> 2019 will be a year of convergence. >> 3% in the second half of next year of up to a half. >> are going to see convergence. >> u.s. economy is performing very well. >> convergence and earnings. >> the next couple of quarters look very strong. >> convergence between tech and the rest of the market. >> and you know what, the economy looks great. jonathan: a full house with me in new york. gershon distenfeld. subadra rajappa. and krishna memani. your thoughts on the convergence -divergence argument taking place right now. ms. rajappa: the divergence seems to have continued. my concern is if you listen to the ecb this week, they are pretty much on hold for a good portion of next year, qe is anticipated to end sometime by the end of this year and what that really leaves them with is very accommodative policy. in contrast, you have the u.s. raising rates potentially four times over the next year, which makes it ha

spotlight on iran as u.s. president donald trump chairs a un security council session on weapons of mass destruction. but i'm hasn't this is as you see it alive also coming up if you talk negotiate. then you need to make way for a party that chant on one. leader of the u.k.'s labor party rejects to rescind may's proposed gregg's it plan saying his party can do better. protests in the occupied west bank against the us decision to cut funding that helps palestinian refugees. and is the leading cause of death in south africa we'll find out what the government is doing to. tackle to go culo says. the u.s. president is chairing a u.n. security council meeting on weapons of mass destruction donald trump is expected to use the opportunity to again criticize the iranian regime he's already used much of his time at the general assembly on tuesday telling world leaders to stop trading with iran earlier this year trump pulled the u.s. out of the iran nuclear due deal that move has been criticized by european allies as we

u.s. history that sent shock waves around the world. come to do business on september fifteenth two thousand and eight as the fourth biggest investment bank in the world filed for bankruptcy the event sent everyone from spanish property owners to american investors running for cover of the most needed impact was felt by lehman brothers employees twenty five thousand of them found themselves out of work overnight the bank was a giant but not too big to fail lehman had become so deeply involved in mortgage origination that it had effectively become a real estate hedge fund disguised as an investment bank washington wasn't willing to save the bank lehman brothers remains the largest bankruptcy filing in u.s. history. so here's a look now back at the events that led to the worst global financial crisis since world war two. mortgages seemingly for anybody who wanted one. many u.s. banks seemed willing to lend to anyone regardless of whether they had the means to repay those loans things came to

one, because the u.s. president has played bad cop along with his trade negotiator and the second thing that's unusual is this is the first time we've had a negotiation this intense with social media. i often think about one of our problems in u.s. politics now being the web m.d. moment we're in which is everyone has a lot of information when web m.d. came out, people would go to their doctor and say i've read all the symptoms, i think it's this. the doctor would say let me explain it to you. that relationship between the establishment specialists and the people is one that is being changed in trade policy. people have their own opinions about what an agreement is. the negotiator is playing bad cop and the vigorous debate about what all these provisions mean i think makes it very hard to negotiate, period. even irrespective of how we behave. and there is the congressional component, which i agree you are right to focus on. the trade promotion authority bill of which is what we're 2015, operating under, was

u.s. economy vulnerable? and italian bond investors run for cover ahead of what is potentially another month of political turmoil. we start with the big issue, pain in emerging markets. >> emerging markets has been hit quite hard. >> global liquidity is actually on the retreat. that will definitely leave traces in emerging markets. >> some of them are in good shape, some of them are not. they are all being tarred by the same brush. what that means is investors who are careful about looking for the nuggets are going to find some really good opportunities. >> we do see some selective value there. what has hurt the emerging markets has been the strong dollar and the fed tightening and higher u.s. interest rates that has caused capital to move out of emerging markets into the u.s. but the point is that a lot of the dollar strength, most of it, who knows when the dollar will peak, but a lot of that has happened. >> we will see points in time where investors start splitting their interest betwee

the west bank and gaza the u.s. has been the agency's largest donor a spokesman for the palestinian president called the move an assault against his people germany has pledged to increase its funding in response. well a spokesman for the un agency has also commented on the decision calling it deeply regrettable tama gunness rejected u.s. criticism that was inefficient and had failed to make reforms. we reject in the strongest possible terms just a few months ago the us administration was praising our institutional reforms we've been conducting a root and branch efficiency reform we've saved tens of millions for donors and the u.s. was among those donor governments praising us so it's hard to know where this is coming from except perhaps you should be asking for trouble but ministration whether or not they are actually politically instrument lies in. any respect or a correspondent in jerusalem we asked what the palestinian reaction had been to the u.s. announcement. well i mean there is a sense among palestinians tha

>> the sticking points have made between u.s. and canada, the u.s. is pushing for more access to canada's gary market -- dairy market and the canadians are pushing back against the u.s. idea of this -- graphing resolution panels -- scrapping resolution panels geared new to the discussion is that canada wants to preserve its cultural industry, they want to prevent u.s. television programs and movies from infiltrating local markets. that is a new one and seems like a political issue for canada or they want to preserve their identity. vonnie: given that we are past the original deadline, does it seems like attitudes are hardening? it does not feel like we are breaking down barriers. it seems like we are going the other direction. minister always puts a positive face on the discussions. apart from that, we are not seeing any progress on main sticking points i mentioned. discussions are ongoing geared they say their positive. -- discussions are ongoing and they say their positive. if canada wants to join the deal with mexico, they have the -- to the end o

the u.s.. if there is a crisis, or no or something -- or an accident or something that needs to be done about the financial marketplace, do we have the tools? have we use all of the ammunition from monetary policy? andie: that was the ceo founding partner of atlas merchant capital, bob diamond. fund isp, is the hedge safe? we have the numbers ahead. this is bloomberg. ♪ this is bloomberg markets, i am vonnie quinn. at the incredible shrinking hedge fund. industry assets are hitting a record $3.2 trillion, but hedge funds are not rebounding as much is that number might say just. we welcome the hedge fund reporter, kathy. let's clarify, because there's a pot of money that says the return may not be so good. is that right? >> that's correct and there are only a few managers taking them new money coming in. ando the hedge fund assets those who have them, they are rebranding stars. if not the much that money is coming out in aggregate >>. tiny bitue, there is a of money coming in, $7 billion came

the u.s. has killed at least eighteen fighters in an airstrike about fifty kilometers outside of the southern somali city of. it follows an attack on american and local forces on the ground u.s. involvement in somalia has grown under the presidency of donald trump there have been at least twenty strikes this year the u.n. humanitarian chief says yemen is approaching a tipping point as famine threatens a large chunk of the population three quarters of yemenis that twenty two million people are in need of some kind of humanitarian assistance of protection andrew symonds is a refugee camp in djibouti where nearly two thousand yemeni refugees are struggling to survive. they're hungry like millions of fellow yemenis they've left behind these men have just arrived in old book huddled together in some shade having being smuggled out of yemen for two hundred dollars each. it was a laugh and it's a war we don't want to be part of says this man explaining that he and the others feared they'd be conscrip

that what the u.s. is doing now shows no sincerity and goodwill for found out soon that china's counter attack comes in response to washington's move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing's retaliation president trump appeared to think the move was enough to force china to the negotiating table so china is now paying those billions of dollars in tariffs and hopefully we'll be able to work something out with i think they want to make a deal they don't want to make a deal but i can tell you they want to make a deal. but from our standpoint it has to be fair it has to take care of our workers but both a condom iis could now be losing room to maneuver aside from tariffs already implemented or imminent trump is also threatened further punitive

a matter of hours after u.s. president donald trump slapped his biggest tariffs yet on china china fired straight back from beijing tariffs on sixty billion dollars worth of u.s. goods casting doubt on any willingness to make a deal in the near future uncertainty is now growing as to whether the two economic superpowers will hold trade talks as expected later this month on look you saw groove on we keep stressing that the dialogue and consultation based on quality good faith the need to respect is the only right way out of the trade dispute going on that what the u.s. is doing now shows no sincerity and goodwill for found out soon that china's counter attack comes in response to washington's move to slap two hundred billion dollars worth of tariffs on chinese goods overnight on monday those duties are set to come into effect on the twenty fourth of september starting at a rate of ten percent rising to twenty five percent at the end of the year and targeting mainly consumer products ahead of beijing's retaliation

u.s. market response. at $70 as investors look at the threat of a major storm on the gulf coast. italy's leaders begin discussions on the 2019 spending plans. the deputy prime minister promises to double the deficit. ♪ manus: a very warm welcome to daybreak: europe. img reached a settlement with the dutch authorities in regards to the issues of the netherlands business. 675 millon euros. 100 million euros for disgorgement. they acknowledged the execution of customer due diligence policies to prevent economic crime at ing netherlands. there are fines, and disgorgement. stock is down 21% on the year. u.s. securities regulator is expected not to take further action against the bank. no further action from the united states. the bank acknowledges shortcomings in its customer due diligence. let's see how it trades on the opening this morning. anna: this is the picture for asian equities. down 2/10 of a percent. labor day in the u.s. and canada yesterday, which means a lighter volume. a big fo

juliette: u.s. president donald trump has continued to hit out at china after announcing another round of tariffs, signaling the trade war will not end anytime soon. he made the comments to fox news in las vegas. >> the youngstown framework, context of administrative law, questioning unilateral executive rewriting of the law, in the criminal law where i have reversed convictions, i am not afraid at all. washington, wein have been hearing lawyers for a woman accusing brett kavanaugh of sexual assault asked the senate judiciary committee to push back a hearing on her claims until thursday and take testimony from additional witnesses. bloomberg has learned the attorneys have said she could not appear monday as the committee's chairman, chuck grassley, plant -- planned. formernt trump's personal attorney has had lengthy interviews with investigators working for robert mueller. sources say he was asked about trump's business and any business dealings with russia. he has been one of trump's closest associ

u.s.'s aid and that he aims to change that. there was very little in the speech that was in critical except for, interestingly, so different from a year ago, the leader of north korea. he praised what he calls chairman kim, and said he looks forward to continuing to work with him. a year ago, he was much harsher on kim. he basically took him on in terms of all kinds of language including rocket man. he barely mentioned russia in the speech. russia did not come up. most everyone was criticized. nejra: thank you so much from jodi schneider for us in hong kong. let's get to the market. it is 6:02 in london. we are seeing a mixed picture. japanese stocks pulling back high.n eight month chinese stocks gaining, outperforming on the upside. said itafter the msci is considering increasing the weight of the shares. meanwhile, all eyes trained on the 10 year yield ahead of the fed. the rate hike, highly anticipated. a little shy of the 3.13 handle, may, was 2018 high hit in and brent crude study aft

goods -- among u.s. goods that could be imported duty free. >> the eu would be willing to go to zero on automobile tariffs with the u.s. this is something that began under the obama administration. ttip was being negotiated between the two sides, up until donald trump killed a when he came to office. -- killed it when he came to office. it would have had the tariffs on cars go to zero on both sides. we are willing to bring car tariffs down to zero if the u.s. does the same." the u.s. has 25% tariffs on light trucks and suvs. automakers in the u.s. may not be interested in doing that. however it has given shares of european automakers a pop. it doesn't appear to be something new, and does not appear to be something the administration is embracing. president trump: it is not just tariffs, it is barriers. it is not good enough, because they will always sell more cars. their consumer habits are buying their cars, not buying our cars. ♪ ramy: welcome back to "bloomberg best." this week we have the opportuni

the u.s. and north korea, hosted by the korean economic institute of america. this is 90 minutes. troy: good afternoon. my name is troy stangarone. we are fortunate today and we have an extremely distinguished panel with us. we are talking about an important issue. everyone has speaker bios, but i would lik he previously served as national security adviser to a resident of south korea. next to the ambassador is laura rosenberger who is the director for the alliance for security and democracy and a senior fellow of the marshall fund of the united states. she was a senior advisory for hillary clinton for america, prior to that she served at a range of positions in the state department and the white house national security council including the director for china and korea. we are extremely happy to have ambassador stevens as the new president at the korea economic institute. ambassador stevens had a distinguished career in the department of state and service are ambassador to the republic of kor

the u.s. south koreane the trade deal, donald trump says he is ready for that. routerging markets, that continues. that is certainly a reason for pressure on stocks. nasdaq was the biggest loser because faang stocks fell off as those tech leaders were testifying to congress to mixed reviews. you can see a small loss in the s&p 500. the dow jones eking out a small gain. yvonne: still that e.m. weakness continues to deepen overnight. taking a look at currencies in the developing markets, what we are seeing with south africa leading losses, we do see the rand unchanged at the moment. we did see strain coming into the argentinian peso as we wait for ballots from the imf. indonesia,hing stocks took a beating yesterday, dropping 4% in jakarta. have a contagion effect spreading further in asia. not a lot of relief in sight. taking a look at equities, asian currencies first. dollar-yen still holding unchanged. as well for the aussie. equity seems set for further losses, new zealand down one third of a

in the u.s., everything we produce in the u.s.. , we sell in the u.s. exceptions,few including baby food. we are the leading player in baby food around the world. are one ofrition, we the largest players in that field, which requires significant recession development and central organizations and exports. the balance is local. ,hen i look at this market horizon, organic, happy family, all our local. pricing powerave to pass in the inflationary market? emmanuel: we have been radically going for innovation and what consumers want. probiotics, all are growing. yogurt in which we lead is growing more than 10%. our plant-based of a creamers than doublemore digits. you have hypergrowth pockets driven by the millennial generation and the way they consume. ,o the internet connections they change the way people and drink and change the way families are eating and drinking. we address that with our brands. we bring value through innovation. that is how we are driving this is a reald this challenge and we need to be disciplined in the way we do that in the current

i'm christopher walken the u.s. ambassador to germany says fox wagon and b a s f are pulling out of iran and shutting down operations richard grenell believes washington has made its influence felt however v.w. has repeated its intention to operate legally ending operations in iran would take the rao over the iran nuclear deal between the e.u. and the us to another level brussels want to maintain the deal with terror on washington once out. again returned to do business in iran last year after a seventeen year absence the german auto giant said it wanted to reestablish its business in the country it signed contracts to import several vehicle models to run other german companies like b a s f o so investing in their brand but could there be a u. turn the us ambassador to germany richard grinnell said is now exiting the market he tweeted. will comply with us dungeons on the ground. has yet to respond and neither has at least not directly the carmakers says it's complying with all the relevant and export regulations one

china and the u.s. are counting down to potential new tariffs and we could see 25% duties on $200 billion worth of imports. the consultation. --ires midnight in beijing consultation period expires midnight in beijing. 4/10 of 1% could be knocked off global growth next year. wall street could take a hit as -- trump putsp new tariffs on china. equities could plunge 5% if the up to 25%tion poses on imports. ubs also said such a scenario has not been priced in. are threatening to block a nafta deal if they win control. of the house of representatives in the midterms. they say they may reject rewrites in canada and wage inflations for american workers. talks continue between u.s. and canada but president trump has threatened to push ahead with mexico on leave. moreshares are recovering off of colin kaepernick's ad campaign. they raised nearly $3 billion in market cap since the ad launched. publicity hashe cost them. here's a dire warning of bleaching on the great barrier reef. queens land says it has positiv

it may be no further from here. >> the u.s. department of agriculture announced u.s. farmers will receive $4.7 billion of initial farm aid. who is the biggest winner and loser in the agricultural sector? >> the agricultural sector would tell you there are no winners. you have $3.6 billion going to soybean producers. every statement i have seen so far is, you can give pork $290 million of direct aid and $559 million dollars of government purchases, you can give money to corn, wheat, dairy -- none of it matches the economic losses farmers are facing today. you would say, on paper, these are the winners of the package, but most of the commodities are feeling like losers as the trade war goes on. >> in the u.s., second quarterly gdp data coming up above estimates. >> a good news story on gdp this morning. we saw a revision upwards of 4.2% from the previously reported 4.1%. that is on the back of a really solid intellectual property investment. as you see companies investing in software, that could lead to productivity gains and make growth more sustainable. we got a first

the u.s. have for centuries promoted competition on the basis of that great aspirational principal, the heart of the american dream, that your children can have a life better than yours. from magna carta to the industrial revolution you've taken british ideas, forged in competition and made them an exemplary reality for the rest of the world. i hope you will permit me to say that it has played some role in your success. and it had its own version of brexit is 7076. but there are clear similarities between the american fight for independence in the 18th century and the uk desire to govern our own affairs in the 21st. as now, the dissatisfaction stems from the overreach of a remote, unrepresented power embodied by the famous rallying cry of no taxation without representation. thomas paine observed that there is something very absurd in supposing a continent to be perpetually governed by an island. both democratic control people wishing to decide who spends their money, who shapes their destiny a

u.s. during his remarks at the heritage foundation, mr mr. patterson advocates for free trade agreements and was asked about the border between the republic of ireland and northern ireland once the uk leaves the eu next year. >> good morning. welcome to the heritage foundation. welcome to our viewers on c-span for joining us. it's my great pleasure to introduce the right honorable owen patterson. i have known owen now for nearly two decades. dating back to when he was parliamentary and then leader of the conservative party. and leading back to the private office in london. owen has always been a highly principled conservative. as well as a robust pragmatist and ardent supporter of the u.s./uk relationship. he's a dedicated mp since 1997, and for environment, food, and rural affairs and the northern state of ireland. he was one of the first british conservatives to support brexit, and more recently, has been a prominent critic of prime minister theresa may's agreement which prompted the res

the u.s. dollar and i mean the industry directly employs a rich one hundred forty thousand people and since there are so many banks across the border and so many cars are shipped to the united states it's one of our biggest exports and scott what is it about the proposed agreement that the canadians like there are so many there are so many things about this deal that kind of agrees with their changes to chapter eleven which the investor state to dispute resolution mechanism these things kind of supports the requirement to have forty five percent of the vehicle creations were produced by workers make at least fourteen u.s. dollars per hour that some in that category has introduced in previous runs a negotiation supported and certainly of the benefits canadian companies as well and the increase in production that is focused in north america to seventy five percent that's something that also benefits canada and the lack of hard sunset clause is something they agree with from a canadian perspectiv

the back and forth between the u.s. and china is quickly escalating into an all out trade war between two of the world's biggest economies and this latest round d.c. has imposed penalties on two hundred billion dollars worth of chinese goods and that's set to increase further at the beginning of next year trump clearly means business we're also cracking down on the unfair trade practices from china we are far more bullets we're going to go two hundred billion to two what if i push it. johnnie's very goods. and we will come back with war if they retaliate we have a lot more to come back with but china isn't taking any of this lightly they've hit back and added more tariffs on american products were that to one hundred ten billion dollars and it might not stop their term has already threatened to impose tariffs on effectively all u.s. imports from china but what does this all mean for the average american consumer according to wal-mart the country's biggest retailer price hikes we are very concerned about the impact these

the u.s. foreign policy and it's the agenda of the national security what makes this so dangerous is that american news consumers believes that they're consuming the news from a free media from private media channels that this isn't state media but when private corporate media channels so allow this green with former intelligence and military officials neoconservatives and say here is who are connected to every regime change operation in the last decade and a half is essentially national security state t.v. and zaentz in a much more insidious way than state t.v. could fire still up and coming here on the program on our t.v. and t.v. breck said protestors in the back and that feeling is clear on the streets of a poll that story and much more. what politicians do. they put themselves on the line they get accepted or rejected . so when you want to be president. wanted. to be close it's like when the full story in the morning can people get. interested in the waters in the. city. and among the sto

u.s. is next take the lead and essentially has given this theater to russia to handle some brush i can also be cleared later now russia's concerns i does not want to ruin his reputation more than it already has people into doing so in conflict because it is asking the e.u. and others to be on the reconstruction because it wants to lead the politically conciliation process that happens after the war is over whereas turkey what turkey's saying is look we don't want any more refugees that is already home to three million people a few million refugees ever get fired in anger duckie saying is give us more time so we can we can this extremist group have them in a fight among each other and so we can contain the conflict now when the meeting happens and friday the two powers of essentially expected to hopefully come up with a solution that the conflict and it can be not entirely good up. until for our reporting on the story for us from beirut thank you. not just him other stories making headlines

this is u.s. stocks, and here we have emerging markets. u.s. is pulling away from the rest of the world but emerging markets is most extreme. that's a 20% gap since april. that is extreme. people wonder will there be a convergence? let's see if the etf flows can give us any clues as to whether there will be. on the u.s. side this is a chemo -- this is a cumulative flow chart. you can see investors filing into the u.s. just like the performance chart shows, going from 35 billion to 70 billion in a few months. on the emerging markets side it's different. there was a huge chunk of outflows here, 6 billion, but since then it's stabilized. even saw some inflows here and has held up. if it were to fall below performance chart, we would be in the red. i would argue this is a good sign or a divergence within that divergence. which etf's are helping keep this stable. let's look at the top five are emerging-market etf's that have taken inflows post a divergence. the big one is this low cost emerging-market etf. retail investors coming in here. that is a

the u.s. and canadian positions. that is not to say they cannot reach a deal, but the administration has put an artificial deadline of thursday and friday because they want to comply with trade promotion law which requires them to get a text of the law to capitol hill by october 1. if they do not get an agreement written, they will not have time to convert it to legislative language. that does not mean that canada could not join or could not consider this at a different time frame, but they are pushing to get this done because they want to get to the signing of by december 1 when the new mexican president takes office. taylor: what are some of the gaps and how far apart are we? michael: it depends on the situation we are talking about. the same old, same old as far as u.s.-canada issues like gary and and whether-- dairy the canadians can move enough to satisfy the u.s. there have been some compromises floated. we do not know whether the u.s. is willing to give in on that. the cultural protecti

the u.s. and china trade relationship has stepped up a notch. also that typhoon very much hitting hong kong stocks. australia, one bright spot in the banking sector. we are seeing the regional index off after a couple sections of gains. that typhoon having an impact on hong kong stocks. the first time since the new gaming licenses came through in macau, trading or gambling was suspended during the typhoon. the has got morgan stanley, jpmorgan, and union gaming to lower their forecast. galaxy down by 2.8%. pressure, some disruption to subway lines during the storm. australia, and inquiry has been announced by the prime minister. you're seeing weakness coming from health care providers. sydney.wn by 17.5% in nejra: thank you so much. asian equities kicking off the week under pressure. the latest u.s. moved to place tariffs on chinese goods comes as the ubs ceo said the trade tensions are largely to create opportunities in the market. , geoeconomicions tensions, are likely to create some kind of

the u.s. marines were assigned to the u.s. army to fight in france. at that time the army didn't have any insignia, but realized it wanted to have an insignia to distinguish it personnel and its and its vehicle from european armed forces. one enlisted man came up with a trying of a portrait of an indian man wearing an eagle feather headdress. the other one came out with a star. he passed this design up the line to request permission , his argument was who is the first true american -- first true original american? that is why this insignia was approved and is used to this day. the other thing that is interesting is of course it was the u.s. army who was fighting and confiningns them to register -- confining them to reservations. in the 20th century it is the army that put forth the imagery of the american indian to represent themselves. this, theymy did employed the colors of red white and blue to depict the american indian. i, when modern advertising as we know it took usingdvertisers started

u.s. economy is doing. >> we've been expecting 10-year yields to remain around a range of 3%. they were a little lower another backup just above. we think the levels will attract investors. >> look at the difference between the 10-year in the u.s. and in germany. it is 254 basis points today. there is a limit to how much you can stretch that without breaking something in the system. it can go wider. it's just that what happens when it does go wider? you will get dollar appreciation, more emerging-market pain. it absolutely can go wider. >> vol in the rate market is due to go up, as the fed policy is beginning to bite just a little, not badly, but just a little it is starting to leave a mark. >> a reversal of value stocks, tech stocks, and now interest rates. i think there might be more room to run, and this could get the fed some cover. they had been adamant they will slowly increase rates over time. jonathan: joining me in new york is jeffrey rosenberg, krishna memani, and portfolio manag

which would benefit the u.s. car industry the pressure on swiss things by the us the pressure on many other industries the russian sanctions which mostly of good germany and austria on the western side so there's been a lot of economic warfare in the last ten years and that has helped a lot of companies a lot of countries in this might just be the turning point because it's to not we don't know we'll see we'll see afterwards like cement and a pump a u.s. secretary of state come by and he has reacted furiously to the move let's have another listen to what he actually said unfortunately just last night i was just erb and indeed deeply disappointed to hear remaining parties in the deal announced they're setting up a special payment system to bypass u.s. sanctions. this is one of the most counterproductive measures imaginable for regional and global peace and security by sustaining revenues to the regime you are solidifying iran's ranking as the number one state sponsor of terror. yeah you could hear that disappointm

u.s. says european companies are bowing to its pressure and leaving iran but folks are going to climb permits pulling out of that market even after the u.s. ambassador to germany says the carmaker would do so. also in the program a deal reached in july to avert a trade war means that most soybeans consumed in the e.u. now come from the u.s. . and the largest part of the migrants who arrived in europe three years ago still haven't found work but the job market's tight some employers say they might be able to help yeah. it's time for business on the w m how yet again it's good to have you with us the u.s. ambassador to germany says chemical company. will shut down operations in iran he sees it as a result of the trump administration's combination of sanctions and threats against anyone doing business with their country while neither of the companies has confirmed this version other german giants have already left the uranium market the e.u. is trying to encourage european businesses to bypas

the u.s. administration is asking for and what the palestinians see as being fit misc can the palestinian leadership have said that the us administration is actually using. terry an aid as blackmail and that it's not going to force them to the negotiating table if we look at this case how do you see the u.s. cutting funding to agencies that are in charge of looking after palestinian refugees and the response to it i think there's a big difference we would we were talking about military theater of bitters coalition support fund which is more military aid for military to carry on it operations i think comparing it to human a tear in a different absolutely different thing humanitarian aid goes to people to sustain themselves who have been you know where who live livelihood shelter food nutrition water all that access is denied to basically a matter of life and at so what we're not saying that they're the same what i think that we are doing and we can validate as hourly we're talking about the u.s

the u.s. u.k. france israel out of it right because we could deal with turkey he knew that supply lines you know the open border it was always about turkey in. in this latest austin our summit in tehran we saw the gloves come off and we saw the reality that it's been all along one of the things that glint i mean it seems to me that turkey is the ending of isolating itself it is it has kind of a tepid cool relationship with the u.s. look what happened in the turkish lira situation with nato obviously iran and russia or it ards with plans he doesn't want to see fall he's the odd guy out here and it's probably not a good position to be in preparing long no i agree and i think that he's alienated everyone now from the european two americans russia. have core serious or less or less the iranians don't trust him fully but i think. this improvement of relations between russia and turkey is a smart pointer can be a bit deceptive i think that this rift between the americans and the turks definitely have giv

if the u.s. is doing well, the u.s. will drag everybody out. -- out. .- up david: a headline crossing the bloomberg, elliott management is saying in the letter to hyundai and spin offombine assets and bring it together in a $60 billion company. paul singer has been upset with hyundai because they think they are trading below where their peers are trading. hyundai saying they are not that interested. alix: coming up, slowing activity in the busiest oil patch. down with the cfo of pioneer natural resources and asked how the slowdown in the permian basin is affecting the company. that is next. this is bloomberg. ♪ . ♪ warning,ermian halliburton said activity was slowing in the fastest-growing basin in the u.s., while aboutberger is concerned productivity gains in the basin flattening out. i sat down with the cfo of pioneer natural resources, the pure play in the permian, the company you go to when you want to know what is going on in the region. >> entail new pipes come on in the second half of 2019, you will see some

given the u.s. approach on immigration, i suspect the attitude has been negative on that as well, which is important for business. amanda: we have this sense that there is a imminent deadline, political reasons for that. keep saying a bad deal is worse than no deal. in other words, we could walk away. can we really operate in this day and age without some kind of deal with the u.s.? if we did not have a deal, the sun would still come up, the birds which are. it would be exceedingly painful. from my point of view, it is not a viable option. the number of americans and canadians and mexicans who would lose their job. the ripple effect that that otherhave across all industry sectors, aside from the ones we tend to talk about. we talk about automotive, dairy, oil and gas. but there are lots of industry sectors obviously that feed off of the economic ripples of those. it would be pretty devastating. the sun would, but it would be devastating. if we get a renegotiated trilateral naphtha, how important for

from the u.s. from france that they will attack syria if there is a chemical weapons attack it's i mean that it's so polygyny at what's going on right now they just cannot let it go they cannot accept that assad has what the war is about to win the war they can accept and you know you know mark again. it's not my passion to read the washington post and it isn't my passion to watch c n n m s n b c or the b.b.c. there's hardly a word about this but as i once for some for a pointed out in the alternative media this is one of the biggest hottest topics out there in the mainstream it's invisible well i mean just look at the title of the nation's article how to start syria's bloody fight first of all it's not the final showdown because the syrian government still has the turkish and in american invasions and in eastern north syria to deal with but you say how to stop the wounds and then you talk about creating as many quagmires i.e. bloody conflicts as possible right until they get the regime change that

u.s. east coast -- heads towards the u.s. east coast. good morning, everyone and welcome to "bloomberg surveillance." i'm francine lacqua here in london. we see the stoxx 600 getting a little bit of a left, 0.6% in asia. -- indicese indus is continue on a losing streak. i am looking at the u.s. two-year yield, and pound, which was actually getting a little bit of a lift from a possible amicable divorce between the u.k. and eu. 3030.an see currently at 1. lehman brothers. we will have an interview with larry summers. let's get straight to the bloomberg first word news in new york city with taylor riggs. taylor: hurricane florence is expanding on its relentless advance towards north carolina. oil prices have jumped in the face of what may be the most part for hurricane to hit the state in 64 years. at least one million people have been warned to leave the coast and local businesses have shut down. boeing has halted work at its plant in south carolina. hurricane florence and other tropical sy