it is months before the talks eu. international bankers can't wait that long. starbucks is expanding the business in china, they are planning to double the number of stores in china and starbucks is adding new flavors in the chinese locations, including a black forest latte. wisn 12 news time now is 6:00. the news continues right now. >> good morning, welcome to "wisn 12 news this morning." i'm ben waller in. >> i'm melinda davenport. it is 6:00, monday, october 24th. the search is on for the person that stole a vehicle with a baby boy in the backseat. hundreds of people are demanding that the company pay them back for the dysfunctional phone. first, taking a live look outside. we are on traffic and weather watch. >> matt is high above us, first we are going to sally severson. sal? >> sally: this morning skies are fair, a couple of clouds are situated to the north and sailing overhead today. dry and cool for this morning. jackets, maybe a the temperatures in the mid to low 40s. we are nice and dry across southern wisconsin. we are not keeping the dry look very

called for the government to incorporate all eu laws in to british law, then repeal measures as necessary on a case-by-case basis. >>> now to alameda where the around the world music, art, and dance festival took place today. spectators sat somewhat mesmerized as artists danced to drum beats. the free event was open to all ages. it included world travel photography and mask making activities. ktvu's dave clark served as mc. >> 24% of the kids in the alameda unified school district are english language learners. so they come from different cultures at home. this way they can feel included and celebrated and we can all learn about each other. >> event organizers say they hope the festival will become an annual celebration. they say learning about different cultures increases awareness and acceptance and they're able to bridge the gaps people may experience. >>> there may be new hope for the millions of people in the u.s. who suffer from migraines. the university of chicago is testing new treatment that can make chronic headaches vanish. >> it's awful. it's excruciating. it's like you don't

country wa brexit meaning britain would lose the possibility of continuing close trade ties with the eu and said the country is on track to leave by next year. >>> bass pro shops and cabela's will work together to sell outdoor goods, a $5.5 billion deal. bass has about 99 stores and 20,000 employees. cabela's has about 85 stores with about 19,700 employees. deal will result in store closures or job losses. cabela's has been on the decline recently losing ground to smaller businesses and online retailers. bass pro hopes that acquisition will help cabela's brand. >>> theater is a great way to express yourself and get involved with the community, but it's impossible without the help of volunteers. >> next a man that volunteers with the local theater company and they rely on him big time. >>> there is a theater company in town like no other. the actors and singers and dancers all face some special challenges. >> luckily volunteers are there to help. we have our 9 who care award winner. here's 9news anchor gary shapiro. >> reporter: it didn't look unusual. a family picnic at a park where a v

eu they were going 80 miles per hour -- police think they were going 80 miles per hour. >> his dad gave him that car for a graduation. >> what kind of car, police didn't know when they found it this morning that it was a mustang gt. it was on fire. >> he was known to be excited to drive his car whenever he got a chance. last night i guess he had an opportunity. he >>> the candles do continue to flicker into the night. a woman who lives in this area says that when cars do race southbound on central here they tend to catch air on the canal just up the road from us. she's believed that might have been what led to these drivers to lose control. police say they are still investigating guys. >> story we've told too many times. >>> they were once the owner of for them for days. last week we told you they would be facing pimping charges because they controlled backpage.com. >>> it's a question we find ourselves asking all too often. why did you do it? that's what dps is asking after a man almost ran over a state trooper along the loop 101 overnight. he even hit several patrol cars. troopers sho

go to works to leave the eu will begin by the end of march according to teresa may. that means brexit could be complete by spring of 2019. >>> philadelphia orchestra ended their strike with a tentative contract agreement calling for increase in salaries for the next three years. the board still needs to vote on the new contract that's expected to happen sometime tomorrow. >>> if you need help paying for college now is the time to apply. the application period for federal financial aid is open. in the past, parents and students had to wait until january to begin the process. the filing period is starting earlier to give more people more you people to explore their options. >> "healthcheck" this noon, researchers trying to find a better treatment for the deadliest form of breast cancer. the hope is to uncover useful trends and improve the odds of survival. metastatic breast cancer survival is run by harvard and other institutions. they are sharing the results online in the hope of a a breakthrough 71-year-old japan niece -- japanese man has won the noble peace price in

to think that we should have an eu style to government for western hemisphere and open borders and open trade, that is not sausage-making. that is someone's goal. melissa: yeah. >> to want to push to single payer health system, that is not sausage-making. to have a staff that worries about your habitual lying, that is also abnormal. that is not sausage-making. >> we'll see what happens. thank you so much for joining us. congresswoman blackburn, we appreciate it. connell? connell: next topic, u.s. public pensions in jeopardy. the race for the white house affecting money that you were promised. what does that mean for you and your wallet next. connell: no matter who wins in the race for the white house, you might be on the losing end. money managers bracing now for volatile market after the election,ky would be bad news for state-run pension programs. already many cases millions of dollars in debt. fox news correspondent william la jeunesse in l.a. today has details. william? reporter: remember back in the late '90s pension managers thought they would get seven to 9% returns forever, conn

as you know theresa may, put the deadline, the march date to put process for the uk to exit the eu imf basically saying it expects u.s. inflation to rise faster than the fed does. so that puts pressure on all the hawks out there to have u.s. interest rates go up. we're talking about december meeting. fed funds futures are looking at 63% likelihood rates here in the u.s. will in fact go up before the end of the year. those are some big themes on the floor here today. the pound is a huge story. i mentioned "brexit" woes. that thrashed the pound, the pound versus greenback, 31-year low. look at that, that was something else, 1.27. talk about sears, this is interesting story. kind of a roller-coaster. at one point sears shares were up 20% that craftsman tool brand was looking at bidders, out of hong kong but sears says it has no plan to close the lower performing kmart stores. back to you. melissa: lori, thank you for that. scott, the british pound pummeled today as lori mentioned. good news for tourists headed to the uk i guess but bad news for investors in gold, suffering the biggest one

the eu is now offering to evacuate the injured. it is unclear how that would happen without that pause in the fighting. there is still dialogue between russia and the u.s. about the crisis despite the difference of opinion between the two countries. secretary kerry spoke to the russian foreign minister sergey lavrov again by phone on saturday. if assad's forces could recapture aleppo, it may well change the course of the war, which is why this is likely to be a brutal battle. arthel. >> kitty logan, thanks. >> so how can this unspeakable carnage stop? the united nations estimates that 275,000 people right now remain trapped in aleppo. can they be saved? joining us now sds jim wallace, international security expert for mit securities program. jim, this is just beyond comprehension. we saw a little boy running from the bombing in a smoke-filled street. right at this moment, families are sitting in dark rooms. they have no electricity. they are waiting for the bombs to fall and wondering if they're going to die, and the world and we a

eu, britain's exit from the the head of the du and other countries are openly talking about their own military source and obvious alternative to nato. sanctions against [indiscernible] their retaliatory sanctions by russia and only the effect european countries and not us. what do you think is the future of nato it european countries openly talking about their own military based on the european countries without britain? i do not think there is much prospect of an independent ofitary force on the part the europeans. this has been talked about for decades and never happened. happen initially because the european countries, you are remembering world war ii, they did not trust each other. nobody wanted germany to be out there on its own or the dominant power in the european military source as it would have been because of its population and economies. that is not the problem now. the problem is twofold. ae is that in order to have serious alliance, you have to have some leadership. and the united states has provided that leadership. it is not clear that any individuals european country c

. >> margot: my daughter, she's moving because of what happened today with the eu. she's going to either live in scotland or new zealand. and she's so embarrassed and ashamed to be english. >> anthony: is it the end of the world? >> margot: it feels -- right now it feels like the end of the world. we're separated, we're a little mean island saying when the going gets tough we want to get out and look out just after ourselves. it's so selfish and disgusting. but it's als out of london, there's a lot of people who are really struggling and have lost their way and don't believe in what the government has done so i don't blame the people either. with them being fed these sort of lies i would say. anyway, that's all too depressing. we must change the subject. >> anthony: vitello tonnato -- cold, roasted veal thinly sliced and covered with a creamy sauce of tuna and capers. oh, this looks good. >> margot: these are good. >> anthony: mm, so what's going right? i mean, this is a bad day to ask. >> margot: well, there's lots of great restaurants opening in the city. good in

that it was about immigration with more than half of britain's immigration comes from outside of the eu. >> news reporter: the disaster, calamity -- >> news reporter: the young are very, very angry about what's happened and the gamble that's been taken with their future. >> anthony: few in london, anyway, went to sleep thinking that england would leave the european union that was for the rubes, the people from the sticks, the country people, old white people, people who felt pushed out, neglected, disenfranchised by the new, the young, the foreign, the decidedly less-white england of today. the votes were tallied and the majority had decided to brexit. >> man 7: -- of england. >> anthony: the ramifications were unclear, but the financial markets plummeted, the nation's credit rating was downgraded, the prime minister resigned, and both political parties leadership basically disintegrated overnight. >> anthony: in uncertain times i always look for the comforting and the familiar, the things that always, for me, made england great. like one of my favorite restaurants on earth, and one of

let's quickly pick up on that eu story. it is what is chilling the markets a little. tantrumion of a temper when he mentioned the easing and, the market went a little crazy. a little bit. let me make a number of key points. first of all, very importantly, what we have seen from the u.s. is that when qe stops, and it will come up bond yields go down, they do not go up. when you do qe you are in inject an into the economy. when you take it away, equities might go down. bond yields certainly go down. if we see bond yields rise of the moment, that will be reversed after this tension is over. will it be removed? that is a different question. if inflation is well below target, what was it for? that is the point. qe is created, asset bubbles in the wrong places. rishaad: you could argue that. they could argue this until they have success. it is like saying the beatings continue until morale improves. [laughter] >> that seems to be what they're say it is working, and gradually admit it is not. >> but the question is, who is beating whom? >> you talk about the risks being ever

sterling has extended the decline since the vote to leave the eu. pushing the economy. continued weakness may undermine the role. 18 peopleknown that were killed when hurricane matthew hit the southeast united states and the last five more unaccounted for. it affected more than 5000 homes with more than one million and the in georgia carolinas. flashlight as much as 100 miles inland from the coast. weakening hands moving east. global news 24 hours today powered by over 600 journalists -- analysts in more than 100 one hundred 20 countries. i'm heidi, this is bloomberg. >> the second presidential debate turns personal is hillary clinton and donald trump clashed in st. louis. >> trump dismiss the controversy of her comments about women and tortured hillary clinton over her e-mails and our of sexual misconduct by her husband. clinton fired back pricing trump was not fit to be president and calling on voters to show him that this is not "who we are." clinton: what we all saw and heard on friday was donald trump talking about women. when he thinks about women, what he does to

and the importance of keeping sanctions including eu sanctions in place until russia and ukraine are both implementing commitments under the minsk agreement and we are determined to work with the normandy group in order to achieve that goal. i thanked italy very strongly for its leading role in the coalition against isil. after the united states, italy is the second largest contributor of forces in iraq. italian foerrces are helping to stabilize cities through its training of police after they're liberated from isil. the start iraqi operation tossing liberate mosul is another major step forward. mosul, as many of you know, is iraq's second largest city and i isil has been entrenched there. perhaps 1 million civilians are still living there. in addition to rooting out isil, our focus jointly is on the safety and humanitarian aid for civilians who are escaping the fighting. that's going and a top priority for both out of gfts. there will be setbacks. i am confident as isil has been defeated, it is another step in their ultimate destruction. meanwhile, italy continues to be one of our s

today the eu, blocked by italy, stopped short of threatening sanctions against russia for what it called atrocities like the bombing of civilians in aleppo. while moscow' ambassador to brussels and denied this was all a massive demonstration of hard power. >> we are not talking about russia's place on the world stage. aim of what the russia is doing in syria. what russia is doing is assisting at the request of the legitimate government of that country, assisting its fight against terrorism. reporter: the truce in aleppo announced by moscow still held today. there were no u.n. medical evacuations, however, and no civilians were able to leave. both sides blaming each other for blocking the routes out of the city. but the show of strength off the south coast was a reminder that the truce will not hold forever, and more russian firepower is on its way. bbc news, in the english channel. u.s.: today the presidential candidates continue to crisscross the country in pursuit of every vote before election day. clintont just hillary and donald trump out on the trail. the clinton campaign has sent t

hungarian prime minister viktor orban has declared a referendum on the eu's migrant policy a success even know the low turnout has rendered results invalid. only 44% of voters took part and that is well below the 50% threshold. of those, 98% rejected plans for the mandatory resettlement of migrants. this report from budapest. reporter: these are the kind of people hungarian government wants to keep out of europe, migrants waiting patiently at the border fence with syria. the hunt gary and government allows 30 asylum-seekers in each day on humanitarian grounds. sunday's referendum was about making sure the european union doesn't fly anymore in from elsewhere. voting at sunday's referendum was, however, sluggish good among those who did cast a support for the government's opposition was overwhelming. >> every country has their own right to decide who to invite to the country. reporter: last year, nearly 400,000 migrants and refugees passed through hungary on their way to western europe. this year the figure is under 30,000. they have been deterred by all the measures against them taken

amazon is the target of an eu investigation into its tax arrangements with luxembourg. gopro's new cloud connected cameras officially hit shelves on monday. the up dated hero 5 line is its first refresh in two years. highly anticipated by investors, who sent the stock surging ahead. launch event. in addition to the action cameras, they unveiled a consumer drone. just days later, the biggest drone maker in the world came out with its answer to karma. this leaves gopro investors uncertain of sales again. brad stone set down with nick woodman and asked about the prospects. take a listen. nick: today is really exciting. a lot of hard work is being made available to consumers. they are the two most convenient gopro's we have ever ade. they're the two most connected gopros we've ever made. when you plug it in to charge, it can offload any new photos to the cloud, to your account so you can access that footage with your phone and make an dit on the go. we are finally not just about the capture of great experiences, we are end-to-end storytelling. brad: what else is new? better

an eu is the target of investigation into its tax arrangements with luxembourg. gopro's new cloud connected camera shelves monday. the up dated hero 5 line is its first refresh in two years. the stock was surging ahead of the launch event. in addition to the action cameras, they unveiled a consumer drone. the biggest drugmaker in the world came out with its answer. investorss gopro uncertain of sales again. brad stone set down with nick woodman and asked about the prospects. nick: today is really exciting. a lot of hard work is being made available to consumers. they are the two most convenient gopro's we have ever made. they are the two most enacted we have ever made. charge, plug it in to it can offload any new photos to the cloud, to your account so you can access that footage with your phone and make an edit on the go. we are finally not just about the capture of great experiences, we are end-to-end storytelling. brad: what else is new? is it cheaper now? less for the black version. that takes our best-selling originalactor, the hero session is the second bes

amazon is the target of an eu investigation into its tax arrangements with luxembourg. gopro's new cloud connected cameras officially hit shelves on monday. the up dated hero 5 line is its first refresh in two years. highly anticipated by investors, who sent the stock surging ahead. launch event. in addition to the action cameras, they unveiled a consumer drone. just days later, the biggest drone maker in the world came out with its answer to karma. this leaves gopro investors uncertain of sales again. brad stone set down with nick woodman and asked about the prospects. take a listen. nick: today is really exciting. a lot of hard work is being made available to consumers. they are the two most convenient gopros we have ever made. they're the two most connected gopros we've ever made. when you plug it in to charge, it can offload any new photos to the cloud, to your account so you can access that footage with your phone and make an edit on the go. we are finally not just about the capture of great experiences, we are end-to-end storytelling. brad: what else is new? bette

theresa may has accepted that parliament should be aligned to vote on her plan to take britain out of the eu. she asked lawmakers to do in a way that gives her space to negotiate. >> that seemed to calm investors on concerns that the pound was ng-ho approach. >> she did not categorically say where the bad -- whether proletarians will have a vote. >> i think will avoid a vote, but there is little she can do to do that. there is good evidence that she will allow a vote and not feel particularly bound by it. >> what will parliament decide to do if parliament gets a vote? >> it is less what it would do with the vote, it is more about how binding that vote would be. what is clear is theresa may is not going to give parliament any say in whether article 50 of the lisbon treaty should or should , and theiggered mechanism by which we start the talks. are the moment, theresa may is holding fast to her feeling that she has the right to start those talks. tomorrow, we start to see a legal challenge to that. the parent company of snapchat is said to be one step closer to a public offering. the company c

. >> the eu summit is wrapping in brussels, divisions clearly taking shape among eu leaders. christian freeman said it looked like the trade agreement with the eu has collapsed, calling it impossible. let's start with canada. what is going on? >> this is a small vision of belgium. 3.5 million people, smaller event new jersey, and that is blocking the canadian trade deal with the eu a few minutes ago, we learned the canadian trade minister has decided to walk out, calling the trade deal impossible, saying that it is clear that the eu at the moment is not capable of negotiating agreement with a country that actually has european values such as canada. >> what about brexit and theresa may? did she sound optimistic that a deal could get done? >> obviously, the sale of the canadian trade deal at the moment is a bit of a warning for theresa may because that puts a what kind of on trade deal she will be able to negotiate. >> am optimistic that we can achieve a trade deal. i think a deal that is right for the u.k. could also be right for canada. show,later in the earnings reports for

eu. eu. the canadian trade minister has decided to walk out of these talks, calling the trade deal impossible, saying it's clear the eu at the moment is not capable of negotiating an agreement with a country that actually has european value, such as canada. >> what about brexit and theresa may? that's she seem optimistic that any deals could get done? >> this is a bit of a warning for theresa may. mark ons a question what kind of trade deal she will be able to negotiate with the eu. >> i'm optimistic we can achieve a deal. the deal that is right for the u.k. will also be right for the european union. alix: we will run through more of the key earnings reports. we also sat down with two of the worlds most powerful ceos. brian moynihan and michael dell. straight ahead, we have more top business headlines, including a bloomberg scoop. apple putting the brakes on its project to develop a self driving car. ♪ alix: this isalix: "bloomberg best." let's continue our global tour of the week's top

. >> the eu summit is wrapping in brussels, divisions clearly taking shape among eu leaders. canadian trade minister said it looked like the trade agreement with the eu has collapsed, calling it impossible. let's start with canada. what is going on? >> this is a small vision of belgium. less than 1% of the eu population, 3.5 million people, smaller event new jersey, and that is blocking the canadian trade deal with the eu. a few minutes ago, we learned the canadian trade minister has decided to walk out, calling the trade deal impossible, saying that it is clear that the eu at the moment is not capable of negotiating agreement with a country that actually has european values such as canada. >> what about brexit and theresa may? did she sound optimistic that a deal could get done? >> obviously, the sale of the canadian trade deal at the moment is a bit of a warning for theresa may because that puts a question mark on what kind of trade deal she will be able to negotiate. >> i am optimistic that we can achieve a trade deal. i think a deal that is right for the u.k. could also b

. >> the eu summit is wrapping in brussels, divisions clearly taking shape among eu leaders. canadian trade minister christian freeman said it looked like the trade agreement with the eu has collapsed, calling it impossible. let's start with canada. what is going on? >> this is the elephant in the room, this is a small vision of belgium. 3.5 million people, smaller than even new jersey, and that is blocking the canadian trade deal with the eu. a few minutes ago, we learned the canadian trade minister has decided to walk out, calling the trade deal impossible, saying that it is clear that the eu at the moment is not capable of negotiating agreement with a country that actually has european values such as canada. >> what about brexit and theresa may? did she sound optimistic that a deal could get done? >> obviously, the fail of the canadian trade deal at the moment is a bit of a warning for theresa may because that puts a question mark on what kind of trade deal she will be able to negotiate. >> i optimistic that we can am achieve a trade deal. i think a deal that is right for

we will get noise from these jurisdictions, that you -- of the eu in particular -- the e.u. in particular. at the end of the year, early next year, i will give you that answer. ♪ >> 25% forecast uptick in premiums. that alert came out on bloomberg yesterday afternoon. what is the read on that forecast? what does it say about the state of obamacare exchanges? >> we are heading into a premium spiral that will occur as a result of not having a balanced fiscal pool. the law was built around having a 0% risk pool from having enough young and healthy people covering sick people. that is the paradigm around health insurance, when we lost five years ago. happening is that because the bill was not passed the way it was supposed to, we have a risk pool running 10% or worse. then what you call a zero balance risk pool. so if you think about the amount of premiums and exchanges, it is about $44 billion per year. that means it is around $4 billion worth of losses. the risk pool and risk adjustment is built around a zero balance the economy, where people who pay in help people who lost

sterling fell against the dollar, the biggest decline since the day of the eu referendum result. we have views that this was largely due to computers that exacerbated the selloff here do you think there's something more sinister or just highlighting the sterling vulnerability? >> there were a lot of selloffs in the system. why are there so many so orders -- sell orders in the system? if we look at what some economists and investors are fearing is that we could be in for a decline. it has been a horrible week for sterling. the market is fearing a hard brexit. i think that it is suggesting a vulnerability in sterling. ♪ matt: welcome back to "bloomberg best." i am matt miller. the federal reserve held rates steady at the september meeting. in an unusual show of dissent 3 fomc members voted to hike. one hawk was the cleveland fed president. she put markets on the alert to brace for tightening in an exclusive interview with bloomberg. >> why dissent? is the economy overheating? >> it is not overheating and i do not think we are behind the curve, but there was a compelling case for

that is the biggest the coin since the day of the eu referendum result. we have views that this was largely due to computers that exacerbated the selloff here do you think there's something more sinister or just highlighting the sterling vulnerability? >> there were a lot of selloffs and -- in the system. if we look at what some economists and investors are fearing is that we could be in for a decline. it has been a horrible week for sterling. the market is fearing a hard exit. is suggesting a vulnerability in sterling. ♪ matt: welcome back to "bloomberg best." i am matt miller. the federal reserve held rates steady at the september meeting. in an unusual show of dissent 3 members voted to hike. one hawk was the cleveland fed president. she put markets on the alert to brace for tightening in an exclusive interview with bloomberg. dissent -- why dissent? is the economy overheating? >> it is not overheating and i do not think we are behind the curve, but there was a compelling case for taking the rate of gradually. taking another step on the gradual path.

sterling fell against the dollar as much as 6.1% the , biggest decline since the day of the eu referendum result. we have views that this was largely due to computers that exacerbated the selloff, but do you think there's something more sinister or just highlighting the sterling vulnerability? >> there were a lot of selloffs in the system. why are there so many so orders -- sell orders in the system? if we look at what some economists and investors are fearing is that we could be in for a decline. it has been a horrible week for sterling. the market is fearing a hard brexit. i think that it is suggesting a vulnerability in sterling. ♪ matt: welcome back to "bloomberg best." i am matt miller. the federal reserve held rates steady at the september meeting. in an unusual show of dissent 3 fomc members voted to hike. one hawk was the cleveland fed president loretta mester. president. she put markets on the alert to brace for tightening in an exclusive interview with bloomberg. >> why dissent? is the economy overheating? >> it is not overheating and i do not think we are behind the curve, bu

the eu never had a problem with his stats which is interesting because they have lots of problems with his predecessor's statistics. david: this is a five-year term and by the end he is carrying a gun in a briefcase to work. matt: within a month or so of when he arrived in 2010 he noticed his e-mail was being hacked. he was getting death threats. this is a guy who is a black belt in jujitsu. he is a large man physically, a very black and white kind of guy. the fact that he felt endangered physically and that he felt he could not be in the country anymore says a lot about the pressure he was under. carol: he was in charge of the greek statistical office. there was a board that oversaw it and they were upset that he put out information before they okayed it, but isn't that the idea? this is supposed to be an independent organization and this is what got you in trouble in the first place. matt: you wonder why they okayed this in the first place, but they expected to happen but they got in a lot of ways the right guy for the job. there were a lot of entrenched interests who felt otherwise.

the eu never had a problem with his stats which is interesting because they have lots of problems with his predecessor's statistics. term: this is a five-year and by the end he is carrying a gun in a briefcase to work. matt: within a month or so of when he arrived in 2010 he noticed his e-mail was being hacked. he was getting death threats. this is a guy who is a black belt in jujitsu. he is a large man physically, a very black and white kind of guy. the fact that he felt endangered physically and that he felt he could not be in the country anymore says a lot about the pressure he was under. carol: he was in charge of the greek statistical office. there was a board that oversaw it and they were upset that he put out information before they okayed it, but isn't that the idea? this is supposed to be an independent organization and this is what got you in trouble in the first place. matt: you wonder why they okayed this in the first place, but they expected to happen but they got in a lot of ways the right guy for the job. there were a lot of entrenched interests who felt otherwise. carol

the eu never had a problem with his stats which is interesting because they have lots of problems with his predecessor's statistics. david: this is a five-year term and by the end he is carrying a gun in a briefcase to work. when did things turn for this guy? matt: pretty quickly, i mean, within a month or so of when he arrived in 2010 he noticed his e-mail was being hacked. he was getting death threats. this is a guy who is a black belt in jujitsu. he is a large man physically, a very black and white kind of guy. the fact that he felt endangered physically and that he felt he could not be in the country anymore says a lot about the pressure he was under. carol: he was in charge of the greek statistical office. there was a board that oversaw it and they were upset that he put out information before they okayed it, but isn't that the whole idea? this is supposed to be an independent organization and this is what got greece in trouble in the first place. matt: you wonder why they okayed this in the first place, but they expected to happen but they got in a lot of ways the right guy for t

would have no special relationship with the eu. it would deal with the eu much as the u.s. or australia does. there's something like norway and switzerland who are quite integrated in the eu while not being members themselves. those have quite different implications for the volume of regulatory and legal change we are talking about. david: we asked the creative director about how he put it all together. >> far ranging global economic, energy, retail -- we've heard up this section with the magazines we thought was naturally fit. global economics, we took inspiration from the economist and for retail, we took inspiration from in style magazine. there wasn't a well-known energy magazine, so we paired energy to a fitness magazine aesthetic. david: is the objective here to mimic it as completely as possible or get a sense of what the economist looks like? >> first, we tried to replicate it as close as possible. and then we added our own brand. a little more playful and loser. -- looser. we look at the magazine a couple of times to make sure everything is progressing well. there

would have no special relationship with the eu. muchuld deal with the eu as the u.s. or australia does. there's something like norway and switzerland who are quite integrated in the eu while not being members themselves. those have quite different implications for the volume of regulatory and legal change we are talking about. david: we asked the creative director about how he put it all together. economic,ging global energy, retail -- we've heard up this section with the magazines we thought was naturally fit. global economics, we took inspiration from the economist and for retail, we took inspiration from in style magazine. there wasn't a well-known energy magazine, so we paired energy to a fitness magazine aesthetic. is the objective here to mimic it as completely as or get a sense of what the economist looks like? >> first, we tried to replicate it as close as possible. and then we added our own brand. a little more playful and loser. .- looser we look at the magazine a couple of times to make sure everything is progressing well. there was more laughter than there

would have no special relationship with the eu and deal with the eu, or the remainder of the eu, much as the u.s. or australia does as a separate, independent country. at the other end of the scale, there is something like norway and switzerland, which are well integrated into the eu, are not being members themselves. those two outcomes and every scenario in between have applications for the volume of regulatory and legal change. >> the year ahead issue gives a nod to bloomberg businessweek 's competition. >> the topics are far ranging. global economics, energy, retail, and we paired of the section with the magazines we thought most naturally fit. global economics we took inspiration from the economist and for retail we took other inspiration from "in style magazine." for energy, there's not a well-known energy magazine, so we put the energy idea and put a business aesthetic to it. we got playful at times, but at other times we borrowed very heavily from our sources. >> is the addicted to mimic it as completely as possible or get a sense of what this looks like and try to replicate it

would have no special relationship with the eu. it would deal with the eu much as the u.s. or australia does. as a completely separate, independent country. at the other end of the scale, there's something like norway and switzerland who are quite integrated in the eu while not being members themselves. those have quite different implications for the volume of regulatory and legal change we are talking about. david: the year ahead issue gives a nod to some of lumber business week's competition. we talked to the creative director about how he put it all together. >> far ranging global economic, energy, retail -- we've heard up this section with the magazines we thought was naturally fit. global economics, we took inspiration from the economist and for retail, we took inspiration from in style magazine. energy,er ones, like there is not really a well-known energy magazine, so we paired energy to a fitness magazine aesthetic. so we were playful sometimes, but we are on from a lot of our other sources. david: is the objective here to mimic it as completely as possible or get a

but it could be more severe in terms of what the relationship between the uk is and the eu. in the event there is a harder brexit sooner with more harsh terms in terms of how the uk can operate with regard to europe, that could have a big negative impact. the bottom line is we don't know. there's so much uncertainty. the was a story recently about what is the legal ability for and the ability for referendum to be legally binding. there are a lot of questions here. heard --thing we've alix: when the boj was trying to epen thein -- ste yield curve -- our investors like, cool, i will get return it high-yield? mike: i would be surprised if japanese long rates look so attractive that i want to take my money and sell and bond those rates. -- sell and buy those rates. you are not pricing based on the .isk in japan whether it's reflation risk or really default risk over the longer term for japan, with the amount of debt japan hass, the lack of ability to create growth or inflation, the long haul is something witty to think about. -- the amount of debt japan has. in the uk, there's n

finalizes its exit from the eu? theresa may in the house of commons, a subtle shift from the prime minister in a subtle shift in the cable market. from new york, this is bloomberg. ♪ jonathan: from new york city, this is bloomberg. here is the tone of the market, future slightly negative, down 11 on the dow, down not even a single point on the fx market. sterling strength after the biggest four-day drop on the cable rate since june. yields grinding higher once again, up two basis points as we start to approach 180. stopping --a may is softening her stance as she gets some ground to parliament allowing a vote on her plan for taking written at of the eu. is the fed poised to make a move? rate hike that's for december have edged 70% -- bets for december have aged -- edged 70%. crude edge is back up to a 2016 high. david: our morning must-read today comes by way of the u.k. parliament where prime minister theresa may has been addressing parliament on the question of brexit. >> what we are going to do is deliver on the

is the biggest client of the eu. you have to keep that in mind. the exporting industry on the continent have already told their capital they should handle the situation gently because they do not want to u.k. to be punished because it backfires to them. alix: there were also special deals. we learned that nissan is freezing plans to build a u.k. auto plant. we will give you special treatment and that cascades to other industries and other companies. do you see that happening? felix: it definitely. i think the eu will become a more attractive place for the industry. attract more industries. have to make sure that they keep inside great britain. i think they will eventually come out as the big winner. david: we are going to hear from mario draghi later this week. you said they made a mistake with the qe. what should mario draghi be doing? they are of the same school of thought. they think they can prove the world by printing money, which is nonsense. it won't solve the world and it won't solve the problem of the you and of europe. take all this and

she attends her first eu summit as prime minister today. news, 24 hours a day, powered by more than 2600 journalists and in 120 countries. alix: equity futures in the u.s. are inching higher. we have walgreen and right aid per walgreen topping $1.07 share in the last quarter and saw growth and prescriptions as well as cost-cutting. it extend of the closing date for its $9 billion purchase of right aid by three months. nonetheless, it it seems to be on track. verizon is out with earnings as well. missed but there is a bigger miss in customers. they have a loss of about 1% of customers. the call will start in a few minutes and we will listen for any word on the purchase of yahoo! you've got select comforts which makes air mattresses and it moved down by 8%. they lowered its full-year outlook. the ceo said shoppers were distracted by the election and the summer olympics. it's an interesting reason for not buying an air mattress, that stock down almost 20% of the david. david: 19 days away from election day and comments from donald trump says a

smooth departure and build a powerful new relationship that works with the uk and the countries of the eu, looking for opportunities not problems. it is in the interest of all the european partners, too. other issues, we discussed what we can do to respond to the migration crisis. the u.k. has called for a comprehensive approach addressing the root causes of migration. in brussels, i reiterated the case that i made at the u.n. for a global approach based on three principles. claiming asylum in the first country they reach, the way we distinguish between refugees and economic grants, recognizing countries have the right to control borders and must commit to accepting the return of their nationals when they have no right to remain elsewhere. it includes working closely with source and transit countries. here we have agreed to do more to help countries with migration and return migrants that have no . countries.y in e.u you cable provide tactical .upport to european partners whether that is employing specialists to greece to help them process cases, or maintaining the naval presence in the m

chem deal doesn't have any affect on the eu process. most deals in these concentrated industries and consolidated industries get a real thorough going over. that is the trend rather than what's happening in china. jonathan: coming up on this program, european bank earnings. we've seen monte de paschi aares pop as the bank shares new business plan. barclays and deutsche bank numbers dropped on thursday. from new york city, we are about 11 minutes into the session. stocks are up about one half of 1%. this is bloomberg. ♪ ♪ >> this is bloomberg daybreak, i'm emma chandra. meets witheff kerry ubs and cement power. , about 40the markets minutes in. the dow up over 100 points. a decent bit on the nasdaq as well. let's look at some of the movers. cross over to the nasdaq were abigail doolittle is standing by. >> we do have one m&a mover, pe aerospace.-be they will be bought for $8.8 billion. this represents a 22% premium increase from friday's close. is talking above the next generation of planes. it is allowing them to juice revenue growt

get noise ofto these jurisdictions, eu in particular. i wouldn't listen to the noise. >> that sounds as if you are settling for february. february would be ok. year, early next year, if that includes february, i will give you that. alix: that was dow chemical ceo. this is syngenta and cam china. many expected to happen by the end of this year. it will take longer. the other message coming out of the market is it may not happen. trading below now the offer price. there is a deal risk spread in these right now, and the market says we don't think it's going to happen. alix: we see that was syngenta trading below the offer price. jonathan: let's continue the conversation's at the par quiet, where david westin is speaking to the good and great. he joins us now. david: i am enjoying myself. we're joined by john engler, head of the business roundtable. to me, he was a three term governor from my home state of michigan. welcome to bloomberg tv. mr. engler: great to be with you. david: looking at the year ahead, we are about to get a new presiden

the eu had to overcome objections to the deal from the french-speaking will only a region. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries, i am emma chandra. this is bloomberg. alix: equity futures relatively flat, but there are some movements to the upside. will be buying the company, the implied price, 66.50 per share. that would be a premium over the price last week when rumors -- over last week when the rumors trickled out. this was over a $30 billion deal. nike, on the flipside, down slightly premarket, cut to under four form -- to underperform. to $46 from $55. that is a 12% downside from friday's big oil is looking as to where that will bring oil low.s, at a one-month it is a diverting picture, much like what we saw friday. this is why. buylowered the neutral from from goldman sachs. saying basically there is no catalyst to drive the stock higher. we learned friday they would potentially write down 5 billion shares of oil. they see strong volume improvement for the company diverging. coming up, another dramat

economists we surveyed predicting 0.3% in the three months since the decision to leave the eu. the head of the u.k. banking group says lenders will start relocating out of the country by the end of the year. the british bankers association told the observer that many smaller banks will begin the move, with bigger names following. ceo anthony brown said banks must prepare for the worst as the debate is taking the u.k. in the wrong direction. yvonne: time for a quick look at what we are watching. no rest for rodrigo duterte a. he makes his way to japan on tuesday for talks with his counterpart, shinzo abe. the various territorial claims in the east are likely to be raised there. tuesday brings us to the first day of trading for jr q shoe. they are said to have traded even higher in the green market. the ipo is the third largest in the world, raising $4 billion. bank of japan kicks off earnings on wednesday. analysts expecting almost zero profit growth as bad loans continue to rise. outbank and ccp are due with results on thursday. samsung released third-quarter sales figures on t

the promise was to keep tariff free access to the eu. they will offer support for training and innovation. nissan announced a new investment one month after warning it could move its european manufacturing elsewhere. the third powerful earthquake and two months has struck italy, toppling buildings, but causing no serious casualties. the quake on sunday morning was a 6.6, the most powerful recorded in italy since 1980. many fragile buildings have been evacuated after tremors. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. ramy: thank you. with a week ago, the race for the white house is tightening as a renewed fbi investigation into hillary clinton's e-mails ways on her support. democrat in the u.s. congress is now saying that the fbi director may have broken the law by revising this inquiry. >> this is very unusual. it is not just to make the allegations, but to make it in this manner in a letter that goes public, and what it is doing is inviting other whocrats