tom pritchard. how we doin'? hi, there. tom pritchard. can we get a round of jalapeño poppers for me and the boys, please? i've been saving a lot of money with progressive lately, so... progressive can't protect you from becoming your parents. but we can protect your home and auto when you bundle with us. but we can protect your home and auto advil liqui-gels minis. breakthrough in pain relief. a mighty small pill with concentrated power that works at liquid speed. you'll ask... what pain? advil liqui-gels minis. how's your cough? i'm good. i took 12-hour mucinex and sent it far away. hey buddy, have you seen a nice woman with a cough? woahhh! mucinex dm releases fast and lasts 12-hours, not 4. send coughs far away all day. ♪ ♪ the united states postal service makes more holiday deliveries to homes than anyone else in the country. ♪ with one notable exception. >>> it can't be an easy thing for a juror, imagining a moment he or she didn't see. >> please rise for the jury. >> and deciding what must have happened. did tom kill his wif

lemonis: hey, tom. tom: hey, marcus. lemonis: hey, you know what i wanted to do is i wanted to go over that tailgate trailer that you guys were working on. tom: yes. lemonis: with the waycross facility getting sorted out, i wanted to head back to tampa to see what tom and nancy were working on. i gave them the task of coming up with a new product, and them working together is important to me. tom: all right, let me pull up the file here. lemonis: and so, did you do the sketches on these? tom: yeah, i did the sketches on these. i did a -- nancy: hey, guys. lemonis: what? amber: i can't get past your khaki pants. [ laughs ] nancy: hey, do me a favor. walk through the shop there and grab the guys, okay? real quick -- i want to go ahead and pass this out and let everybody take a look at it, okay? and then we're gonna go into some [bleep] right now. you see, this is a customer-service order. there's an imaginary tammy that works for this company in one of our dealers that he will not allow me to meet! whose phone number is ta

>> tom foley. >> tom foley is guilty. i'm asking you to bring back that verdict. >> the outcome of tom's second trial was far from certain. >> what worried you the most? >> that he was such a nice guy. you would never guessed he would have been something like that. >> he didn't seem like a murderer? >> yeah. >> at the fatal 11th hour, it was time. the jury filed in. >> were they looking at you, the jurors? >> no, they weren't. >> i took a couple deep breaths and i just -- >> your honor, we jury the find the defendant not guilty. >> the waiting had paid off. >> as to count 2. >> not guilty. >> your reaction of tom at the time of the verdict? >> absolutely incredible. he collapsed to the floor and he wept for 20 minutes. unbelievable. >> he got away with murder. but he almost didn't. we had it. we had him convicted. to actually have to go back and talk with that family and try and give them some consoling, how do you do that? >> you're just angry. you're angry at the jurors, the judge and there's nothing you can do about it

today toms river water is clean. but from the mistake made and lessons learned could not be ignored by other communities. >> the overall societal cost and actual dollar cost would have been a lot less if back in the 1970's that we had a problem here, we can't keep this well field anymore. the chemical companies may be a big dollar item right now, but you're going to have to fund moving this well field t to another spot. that's not what we'v've done here. and, you know, i think that the overall citizens of toms river paid a very heavy price over that 40-year span. >> you need to have teststs and you need t to have levels of safety for all of these chemicals that we're i ingestin asas long as we do not have thi information and regulatioion on these thousands of chemicals that are being ingested all overer the country in water supplies, we are not going to be able to protect the future of this country. of these children. >> no corporation, no politician is bigger thaan a combined voice of people. when people join togeth

adam: tom -- jonathan: tom. tom: two, i am not going to all-time whether they do or not. you are late in the economic cycle of some sort. you decided to do fiscal stimulus because you think you are going to get sustainable, faster growth which in the end will give you more revenue into the coffers, and the deficit goes down. that is an open-ended question that has not been answered yet. to your point, that is the only part of the problem for the deficit you have. you have an aging population for which you have done nothing about the social programs you have promised them. as you march out five years, you get faster growth or not, you are probably still looking at trillion dollars of new money you need to raise each and every year through the treasury. jonathan: would you say the treasury market has adjusted to that already? tom: no i wouldn't. , jonathan: to what degree? tom: hard for me to say degree. i just think about, ok, i'm going to up my issuance. got to have a trillion sort of number. central bankers are not going to be the buyers for some time. they are not. the

jonathan: tom. tom: 2.0, i am not going to opine on whether they do or not. the biggest question is you are , late in the economic cycle of some sort. you decided to do fiscal stimulus because you think you are going to get sustainable, faster growth which in the end will give you more revenue into the coffers, and the deficit goes down. that is an open-ended question that has not been answered yet. to your point, that is the only part of the problem for the deficit you have. you have an aging population for which you have done nothing about the social programs you have promised them. as you march out five years, you get faster growth or not, you are probably still looking at a trillion dollars of new money you need to raise each and every year through the treasury. jonathan: would you say the treasury market has adjusted to -- for that's already? -- for that already? tom: no, i wouldn't. jonathan: to what degree? tom: hard for me to say degree. i just think about, ok, i'm going to up my issuance. got to have a trillion sort of number. central bankers are not

tom? tom: more spread to come. widening to come. jonathan: guys, it has been great to catch up with you both, and noelle, you have been fantastic as well. [laughter] jonathan: andy chorlton, noelle coram from invesco and tom atteberry. that does it for us. we will be with you next friday at 1:00 p.m. new york time, 6:00 p.m. in london. for our audience worldwide, this was "bloomberg real yield." ♪ alix: scary october for commodities. we break down earnings for big oil to big gold. maritime winners and losers. why medium-range tankers will see a windfall with imo 2020. commodities in the crosshairs. the midterm elections are a turning point in the way some companies do business. ♪ alix: i'm alix steel.

tom: it is great to be back. as a native of buffalo, i have to acknowledge my friend jerry from the buffalo news, which is still on my home computer when i go home at night and turn on my computer. it defaults to the buffalo news so i can follow the bills. our motto in buffalo for the bills is false hope is better than no hope at all. as a new england are and patriots fan, i want -- tom: please don't talk to me about that. you are bringing back my nervous tick. i came here shortly into my tenure. we were just chatting earlier about this. i talked to you about the fact i was walking into a democratic national committee that was in dramatic need of a major overhaul because we had lost not only a presidential in 2016, but we had lost roughly 1000 seats in state legislatures, we had lost seats in the senate and the house. in short we needed to rebuild. we needed to organize, modernize, and we needed to win. i come to you roughly 21 months since that day, and the democratic party is back. our goal was to build a 50-st

tom: right. charles: so it's very hard to predict the exact outcome because we do not know who will win in five years. seeing inat we are this country and we saw play out in 2016 and we saw yesterday, is that increasingly there is a real sense of minority rule on the part of republicans both through their winning in the electoral college and also the number of senators they have that represents states with fewer people. so i think it is a very big issue, because in the end what we are finding across the is that the majority of americans actually are moving further away from an number of the key sort of central tenets of the republican party. francine: all right, charles -- global advisors stays with us. next we sit down with the former chief executive of wpp. it's not his first midterm or first election in the u.s. dual after him about that. this is bloomberg. ♪ francine: this is "bloomberg surveillance." , am joined by martin sorrell the founder of -- and former and theecutive of wpp chairman

tom forte: absolutely. for thenk that word not risks associated with china on the notion that more tariffs may be coming and the challenge for apple is that they are generating 20% of the revenue from selling to chinese consumers. independent of that, if you think about the future sets they have on these devices which is making them popular, apple is poised for strong growth on a continual basis. here is a-- tom: great blog from howard lindzon. he has been astute on the m&a world. i am surprised tim cook did not blame george soros and the caravan for the sales miss. service revenue is very meta. count me in. comment a continent -- on optimism. francine: i'm glad you picked it out. rge to go read tom's must-read. forte, with legitimate concerns by the bears on apple. we will see word opens up. more coming up. jobs the day. it is good to speak to tom porcelli. another gentleman who will stop in is mohamed el-erian. after the jobs report. ♪ i am a family man. i am a techie dad. i believe the best technology

where did tom sit? >> tom sat here the last night that he played. and i would be the bank over here. >> was he good at poker? >> he was very good at poker. he was very lucky in the beginning at my house, for many, many months. finally, it kind of evened out after a while. >> reporter: still a good and aggressive player, but not on that night. >> he was not playing as many hands. he wasn't spunky that night. usually he jokes around. there was none of that. >> reporter: the game shuts down relatively early, about midnight. and the millers go to bed. at what point did you hear that there had been a tragedy at the clayton home? >> the next morning in the 6:00 range, there's someone knocking at the door. >> reporter: it's an officer with the sheriff's office. >> he says, "you were at a poker game last night?" i say, "yes." he says, "a guy that you know as hockey puck was here? tom clayton." i go, "yes, he was." then he says, "tom went home last night and found his wife murdered." it was like, "whew." >> reporter: what were you thinking? you hear that kel

jonathan: tom. tom: 2.0, i am not going to opine on whether they do or not. the biggest question you have is you are late in the economic cycle of some sort. you decided to do fiscal stimulus because you think you are going to get sustainable, faster growth which in the end will give you more revenue into the coffers, and the deficit goes down. that is an open-ended question that has not been answered yet. to your point, that is the only part of the problem for the deficit you have. you have an aging population for which you have done nothing about the social programs you have promised them. as you march out five years, you get faster growth or not, you are probably still looking at a trillion dollars of new money you need to raise each and every year through the treasury. jonathan: would you say the treasury market has adjusted to that already? tom: no, i wouldn't. jonathan: to what degree? tom: hard for me to say degree. i just think about, ok, i'm going to up my issuance. got to have a trillion sort of number. central bankers are not going to be the buyers

francine, tom. tom: there are two new things to talk about to do it our with alan ruschel deutsche bank. we could do three hours with ,iven time and -- kevin tynan car guy. he was at a seven car garage and had eight cars in it and he knows automobiles. , they talk about the volume that got to be done, i guess there's a strategy here, but within is noted citigroup, he goes deeper into the effect on suppliers. ohiothose in a state of how will the adjacent parties to gm react to this news and survive? mid-shift look at the from car to truck which is really since 2013 and that volume clawback, you are really doing more with less. when you look at the revenue contribution on the truck side versus the car's side and the profit contribution, it's much greater. while we have seen general motors, for example, 18% decline in car volume for the full-year 2017, down another 20% this year , that mixed going to 80%, 80 plus percent on the truck side, pickups, crossovers, suv's makes up for a lot of that. tom: i'm

adam: tom -- jonathan: tom. tom: two, i am not going to all-time whether they do or not. you are late in the economic cycle of some sort. you decided to do fiscal stimulus because you think you are going to get sustainable, faster growth which in the end will give you more revenue into the coffers, and the deficit goes down. that is an open-ended question that has not been answered yet. to your point, that is the only part of the problem for the deficit you have. you have an aging population for which you have done nothing about the social programs you have promised them. as you march out five years, you get faster growth or not, you are probably still looking at trillion dollars of new money you need to raise each and every year through the treasury. jonathan: would you say the treasury market has adjusted to that already? tom: no, i wouldn't. jonathan: to what degree? tom: hard for me to say degree. i just think about, ok, i'm going to up my issuance. got to have a trillion sort of number. central bankers are not going to be the buyers for some time. they are not. the b

francine, tom? tom: taylor, thank you. joining us now are stephanie right now,- stephanie baker with us of bloomberg. election,s the wednesday, thursday, very close races, and friday brings us to the chit, maybe the speculation that mr. mueller, postelection, will get back to it. if mr. mueller gets back to it today or any other given friday, who do you presume is the next area within his investigations? stephanie: yes, will, we are bracing for something. moeller does have a tendency to drop things, and documents come on fridays. mueller does have a tendency to drop things, indictments, on fridays. much of the speculation has been over roger stone, whether or not he has got more on roger stone and his communications with wikileaks. there has been an intense scrutiny with the grand jury with roger stone and people connected to roger stone. most people are expecting something on that. of course now with the change in the justice department with matthew whitaker being put in as acting attorney general, it is unclear whether o

tom: the cabinet minister resigning. also, further breaking news, marie morris has submitted a letter of no confidence in may. my question to you, far more able on this them and edwards anna edwardsthan , if we see these, how does it change prime minister may's speech in 30 minutes? francine: that is all about the numbers. to go forward a motion of confidence, it means you need 48 letters. you need 48 in peace saying i don't have confidence in our prime minister. then you go to a confidence vote. that means they need 158 mps to vote against theresa may. it is all about the arithmetic. it is unlikely at this point that we think she needs to step down. of course, we're looking at the fallout of her position and how it impacts the markets. tom: there a good. right now, -- very good. right now, much more going on. edwards joining us later on. let us go to a data check right now. with ag leads the way way to the tape. interesting, euro weaker with oil still trying to find a bid. the vix elevates out a little bit of risk. impo

tom: francine? francine: where do you see the biggest shifts on the markets and where you see the biggest value. does that change to pending on what the federal reserve does? >> some of the key things worrying investors now could be resolved, mitigated, or turn worse. markets are worried about trade, brexit, italy. each item is on the checklist for the next few weeks. it andets get through policymakers do the right thing in terms of providing for a good basis for economic growth, then we could see the expansion and profit growth in the u.s. of 10% could mean equity price gains around there. clipping coupons is probably the order of the day for next year. corporate bonds, high yield bonds, core bonds near 4%, and , so that ishigh 2% the return profile in a story where the expansion is ongoing globally. you so much. we will return. worldwide. this is bloomberg. ♪ tom: good morning. tom keene in new york. francine lacqua in london. given the fed and all that is going on in the market, put three smart

jonathan: tom. tom: 2.0, i am not going to opine whether they do or not. you are late in the economic cycle of some sort. you decided to do fiscal stimulus because you think you are going to get sustainable, faster growth which in the end will give you more revenue into the coffers, and the deficit goes down. that is an open-ended question that has not been answered yet. to your point, that is the only part of the problem for the deficit you have. you have an aging population for which you have done nothing about the social programs you have promised them. as you march out five years, you get faster growth or not, you are probably still looking at trillion dollars of new money you need to raise each and every year through the treasury. jonathan: would you say the treasury market has adjusted to that already? tom: no, i wouldn't. jonathan: to what degree? tom: hard for me to say degree. i just think about, ok, i'm going to up my issuance. got to have a trillion sort of number. central bankers are not going to be the buyers for some time. they are not. the b

tom: thanks. equities, bonds, currencies, commodities off a short trading session friday. , a risk on up 268 feel. $50 ad not get to barrel. 6, many would expect that to be higher. there is the friday close. wo prices for oil, the global price brent and west texas intermediate. what is mosthink interesting when you look at european markets, they are up. investors are looking more optimistic about the outlook for in thend interest rates wake of another miserable week in the markets. stocks are gaining and i am looking at italian bonds climbing. atre is a cabinet meeting 7:30 p.m. local time and they may give a little bit more in the way of what brussels wants. in the united states, it is a new set of news items. the important issue of russia attacking ships within the ukraine and in taiwan, and election, the taiwanese party , the traditional party did better. that was a resounding change within taiwan. right now, the united kingdom. with bloomberg news, an expert on brexit and its affects on the po

tom: it is great to be back. has a native of buffalo i have to a knowledge my friend jerry from the buffalo news, which is still on my home computer when i go home at night and turn on my computer. newsfault to the buffalo so i can follow the bills. false hope is better than no hope at all. linda: as a patriots fan -- tom: please don't talk to me about that. you are bringing back my nervous tick. i came here shortly into my tenure. we were just chatting about this. i talked to you about the fact i was walking into a democratic national committee that was in dramatic need of a major overhaul because we had lost that only a presidential in 2016 but roughly 1000 seats in state legislatures, the senate and the house. in short we needed to rebuild. we needed to organize, modernize. we needed to win. i come to you roughly 21 months since that day and the democratic party is back. our goal is to build a 50-state party, to compete everywhere. our goal was to expand the electorate. our goal was to reshape the electorate.

this is bloomberg. ♪ this is bloomberg. ♪ tom: good morning. i am tom keene in new york. with thevisit carlsberg chief executive officer. i don't care about earnings and that. i want to talk about the strategic success of carlsberg versus the beleaguered outcomes of your competitors, heineken, and in particular the people who bought inbev ab. what are your best practices that they are not doing? >> good morning. we delivered a strong third quarter. our international premium brands tubergarlsberg and t share good growth. do is what wee have promised, focus on strategic parts of our category and deliver. tom: we have an election coming up in america. washington gives up 46 gallons in a free beer. you can make money on free beer, can you. do you give away the low price beer market? >> not at all. to your point, we can't give away free beer, what ever the focus on the election is, so we try to really give a good value for money proposition, but it is craft, speciality. beer,ne: away from free what is momentum looking like in the fourth quarter? for third quarter was helped by

tom: i wouldn't. jonathan: to what degree? degree.d for me to say i just think about, i'm going to up my issuance. central bankers are not going to be the buyers for some time. the buyers i'm going to need to have tend to think in terms of real return. then i have to think through, what real return number is it? a 1% number? 1.5%? that part i don't necessarily know. i just know if i have a 3% cpi, all these things should probably yield more than 3%. jonathan: what number is it? >> treasuries are some of the best risk-adjusted investment. the challenge for the broader market is you have been conditioned after 10 years of q.e. and zero returns on cash. there is still trillions of dollars sitting there. you start looking at high-quality fixed income. it starts looking reasonable on a risk-adjusted basis, particularly with something more exotic. jonathan: you have to think it was attractive on the front end. and now you believe we have topped out on growth, and you think we have? noelle: we like treasury yields here. specifically

tom: it is great to be back. as a native of buffalo, i have to a knowledge my friend jerry -- i have to acknowledge my friend jerry from the buffalo news, which is still on my home computer when i go home at night and turn on my computer. it default to the buffalo news so i can follow the bills. false hope is better than no hope at all. linda: as a patriots fan -- tom: please don't talk to me about that. you are bringing back my nervous tick. i came here shortly into my tenure. we were just chatting about this. i talked to you about the fact i was walking into a democratic national committee that was in dramatic need of a major overhaul, because we had lost that only a presidential in 2016 , but we had lost roughly 1000 seats in state legislatures, we had lost seats in the senate and the house. in short we needed to rebuild. we needed to organize, modernize, and we needed to win. i come to you roughly 21 months since that day, and the democratic party is back. our goal is to build a 50-state party, to compete eve

tom: well said. that unique individual grasp of your constituents and that person, whether republican or democrat. does the president understand that? this is a guy doing reality tv. of the republican party do not have the lecture he of reality tv, do they? and no elected official has the luxury of working without president trump. get bills signed, you have to find a way to work with the president. that is what republicans are doing and no democrats are trying. if we see the house go democratic, you're looking with two years of little process. tom: let us look at polling. vermont open at 5:00 a.m. in new york, we have polling as well, the brooklyn public library, a symbol of a borough. brooklyn is a city within itself. my staff lives in brooklyn. they would not be caught dead living near where i live. at theling begins brooklyn public library. how long will the line speed? what do you suggest will be the turnout? will polls have to stay open longer than schedule? is the day our questions are answered

tom: very good. really appreciate it. there is breaking news. a transportation company in canada having challenges. are going toees walk out the door. that is a rough number. we have seen that from a lot of industries. ,here will be more on that particularly across bloomberg canada this morning. a timely interview on european banking, this will be with the chief financial officer, stephan engels. this is bloomberg. ♪ taylor: after a new cancer drug helps estimates in the last quarter, the british company is moving away from older products that are losing their passing protection. tells bloomberg is rethinking u.s. pricing policy. >> what we need to have done on global data is a readjustment of prices, lower prices in the u.s. japanese prices are a good benchmark of what why cover should be. whether that can be done i do not know. taylor: that is your business flash. francine: thanks. tesla has appointed -- two replace one mosque. an end of an era to mosque's 14 year reign -- 11 must's -- elon musk'

tom pritchard. how we doin'? hi, there. tom pritchard. can we get a round of jalapeño poppers for me and the boys, please? i've been saving a lot of money with progressive lately, so... progressive can't protect you from becoming your parents. but we can protect your home and auto when you bundle with us. but we can protect your home and auto they work togetherf doing important stuff. the hitch? like you, your cells get hungry. feed them... with centrum micronutrients. restoring your awesome, daily. centrum. feed your cells. >>> finally tonight, strangers >>> finally tonight, strangers connecting thanks to one man. the double transplant gift that's america strong. here's abc's john donvan. >> reporter: game night at kirbyville high school in east texas with a tradition first, where seniors and their parents walk the 50-yard line together. >> ladies and gentlemen, her dad's heart is with her tonight. >> he walks with me every day. he wakes me in the morning. he's the reason that i'm still here. he's the reason for everything for me. >> re

tom: one final question. if we look at the caution in the oecd report, the idea of a difficult view ahead, can central bankers come to the rescue? ,> to me, central bankers again, stop me if i get it analyze first the fantastic job they have done in the crisis and how well they are ,avigating this new territory implementing unconventional policy that has never been done before, and so far, so good. we are quite happy with what we are seeing, a forthcoming, gradual normalization in the u.s. with a little inflation. we think that is perfectly appropriate, and a persistent approach of the ecb is perfectly appropriate at this time. let me take this opportunity to add that we would want to see the fiscal authorities take away a bit of the burden they have put on the central bank so far. tom: laurence boone, thank you so much with the oecd in paris. brian, you have been listening to that. it is a big institution and they are supposed to do that. there is optimism central bankers will push against them. importantly,

tom: yes. jonathan: it was right in 2019 noelle: -- market. andy: said. tom: fed. andy: more to come. noelle: i still like high-quality high-yield here. tom: more spread to come. jonathan: it is a great to catch up with you guys. noelle, you have been fantastic as well. andrew chorlton, noelle corum and thomas atteberry. we will be with you next friday at 1:00 p.m. new york time, 6:00 p.m. in london. for our worldwide audience, this was "bloomberg real yield." ♪ administration says it will reimpose all u.s. sanctions on iran that has been lifted under the landmark 2015 nuclear deal. the sanctions will take effect monday and cover iran's shipping, financial and energy sectors. it is the second best of penalties reimposed since president trump withdrew from the deal in may. the sanctions will penalize countries that don't stop importing iranian oil and foreign countries that do business with blacklisted iranian entities. new jersey democratic senator be able to will not seek reelection but running for the highest office at the same time. that is thanks to a bill si

tom: thank you. print west texas intermediate, on a 60 something handle on brent crude, this after we're all going to $100 a barrel and we're all sober and kevin book joins us with clearview energy partners. kevin, you have a rate, simple chart -- a great, simple chart that shows linear rise in oil demand. is that just assumed in the future ever up, up, up on hydrocarbon demand? >> i think that is a question of slope and eventually plateau aeration. right now you have a strongly goods between gdp growth and consumption in the emerging world. it is in inverse relation a lot of the time, but for most of the growth parts of the market, as long as gdp grows, so does consumption. test university. on brent crude, what is the geopolitical plug-in you use right now? is it $3 dollars echo $7? is a more than $10? , but it is pretty clear there were expectations built into brent going into the iran sanctions event. we were more bearish than the consensus, partial because of the geopolitical challenges associate

tom? >> eva pilgrim, as some strong weather is moving in there. >>> and this thanksgiving, people are bracing for an arctic blast and record cold in the northeast. snow and wind blowing across syracuse, new york. look at that right there. temperatures plunging overnight from d.c. to philly, new york to boston. wind chills falling below zero in some areas. and the west bracing for three days of rain. abc's chief meteorologist ginger zee is tracking it all tonight. she's along the george washington bridge. and ginger, you've already felt some weather tonight. >> reporter: we did, we just saw a squall come through here, tom, with mixed precipitation. this is what's happening. just northwest of us, by about 130 miles, binghamton, new york, their wind chill, 4. so, the front is there. and you can see it on the map. it is pushing with some snow squalls in the lakes, lake effect snow. a couple of inches, all you need to get the roads covered. and then tomorrow morning, when we dry out, you also a

tom: let's move on. here is the chief executive officer of citigroup on our international economics. on services and are surplus in theica, year after year united states runs significant trade surpluses with its trade the ceo says the following. look for that today off the speech at the economic club of new york. did you write this essay for him? >> i did not. about have conversation these issues over the last two years. we know the administration is focused on goods and manufacturing, but when it comes to trade, services are an important part of these interactions. that is where the picture for the u.s. looks very different. -- wene: where do you see talked about the biggest downfalls and the currency pairs , is there a currency pair unknown or unloved that you like? >> i think the ones that are unloved right now, and i come back to the euro for good reason. we agree with that. is aniss situation, it obvious counterweight, so there is good reason to be more optimistic about the help look there relative

tom: thank you. looking at the data with sterling. u.s. futures -14. some final moments with vasileios gkionakis. andook at foreign-exchange to next week. we should circle back to the pair that matters and for the continental of europe, that is euro-sterling. how is that different from cable dynamics? euroeios: it takes in the aspect. we have to consider european which i ammics expecting a stronger rebound for next year. on the back of solid domestic growth whichge seems to have signs of life. it will also depend on the fact that the ecb will be ending the asset purchase program by the end of the year which means the next year, we will have investors squeeze out of the market because of the ecb coming back into the market and bringing flows back into the eurozone. cableright now is -- right now is about brexit and what happens to the dollar. euro-sterling, you have to factor in not only the dollar-sterling, you have to factor in the trajectory of monetary policy and growth in the eurozone. will bethe

tom? >> a dangerous day for kids just trying to go to school. all right, victor, thank you. >>> we turn now to weather, a severe line of storms that menaced halloween night turned deadly overnight. and it now stretches from the gulf to the great lakes. there were at least nine reported tornadoes. this possible twister in katy, texas. downed treed destroyed this home in louisiana. abc's marcus moore in the storm zone. >> reporter: tornadoes, torrential rain and wind turning deadly tonight in the deep south. trees crashing down onto homes, trapping some residents. this possible tornado near katy, texas. nine twisters reported across the region. to the north, in arlington, the prestonwood lake dam may be in danger of imminent failure. residents downstream warned to be on alert. and back outside houston, a man narrowly escaping being crushed by a falling tree. >> you are all right, man? >> reporter: we're told tonight that he's going to be okay. but in waller county -- >> i've broken a window,

tom: in world war ii? wherene: it was a period we knew we had to rebuild everything, and everything was possible, and finally we engaged your for the better -- europe for the better for a long time. that is a marvelous success, even if everything is this colluded, rightly so, in democracies. tom: i want to get where chairman powell spoke of yesterday. your banking system is different. we see that played out today and such.che bank what does europe need to do to stabilize the banking system to move forward to the prosperity that you and others new from another time? >> we are in a totally different universe in the u.s. and europe. the banks are not the dominant channel to finance the economy in the u.s., it is the market. in europe, the banks are the dominant channel to finance the economy. rapprochement,n but at the moment of the crisis, 75-'s 25 in the u.s., and 25-75 in europe. higher inroblem was europe than in the u.s. because it was a major channel to finance the economy. intolso have to take account

tom? >> a dangerous day for kids just trying to go to school. all right, victor, thank you. >>> we turn now to the weather, and a severe line of storms that menaced halloween night turned deadly overnight. and now stretches from the gulf to the great lakes. this possible twister in texas, at least nine reported tornadoes, downed trees destroying this home in louisiana. near houston, a sheriff's deputy died on her way to a water rescue when her vehicle turned upside down in rising floodwaters. abc's marcus moore is in the storm zone. >> reporter: tornadoes, torrentisoh. trees crashing down onto homes, trapping some residents. this possible tornado in texas. nine twisters reported across the region. to the north, in arlington, the prestonwood lake dam may be in danger of imminent failure. residents downstream warned to be on alert. and back outside houston, a man narrowly escaping being crushed by a falling tree. >> you are all right, man? >> reporter: we're told tonight that he's going to b

tom? >> eva pilgrim as some strong weather is moving in there. >>> and this thanksgiving, people are bracing for an arctic blast and record cold in the northeast. snow and wind blowing across syracuse, new york. look at that right there. temperatures plunging overnight from d.c. to philly, new york to boston. wind chills falling below zero in some areas. and the west bracing for three days of rain. abc's chief meteorologist ginger zee is tracking it all tonight. she's along the george washington bridge. and ginger, you've already felt some weather tonight. >> reporter: we did, we just saw a squall come through here, tom, with mixed precipitation. this is what's happening. just northwest of us, by about 130 miles, binghamton, new york, their wind chill, 4. so, the front is there. and you can see it on the map. it is pushing with some snow squalls in the lakes, lake effect snow. a couple of inches, all you need to get the roads covered. tomorrow morning, when we dry out, you also are chilled

this is bloomberg. ♪ tom: tom, thank you so much. got grumpy's yesterday, they brought it over for thanksgiving. futures are at negative five right now, and the euro flattening. is also a big deal. no question about that. the nymex crude is that 53.16. and crude oil, flat out, i am not saying will get 3.99, but we are getting there rapidly. francine: yes, we seem to be. u.s. futures are dropping and markets seem to be questioning whether the oil drop is due to supply or demand. european stocks are climbing. i am looking at pound and theresa may has a pretty big weekend ahead of her. pound is datin losing the gains it saw yesterday. european stocks are holding steady, and we are looking at u.s. futures. oil heading for its seventh loss. falling energy prices are really just one of several indicators concerning investors about the strength of global economic growth. s gets to our guests for the hour, christian keller, barclays head of economic research, and the gerry fowler, aberdeen 'tandard investments strategist. gentlemen, it seems

but not as much as tom did. tom reconstituted his district in many ways. i think members of congress should be able to bring things back to their district. i think it should be reasonable, in some cases it was not. in some cases it was based on seniority, which i think is a problem. i think earmarks should be brought back. tom: there is no question, they never should've been eliminated. it was an overreaction to a problem. we even had members selling earmarks, and they went to prison for it. constitutionally the congress has the power of the purse, not the executive branch to appropriate the money and how to spend it. that is not with the founders envisioned. in the first hundred 50 years, everything was earmarked. let me just add this, you at a republican congress giving a democratic president the ability to allocate money the way he said because they want to be pure on the earmarks. it allows members to personalize their district. marjorie and i had this conversation, i wasn't tom davis, i was mr. woodrow wilson and rail to dulles. they saw a reason to k

i'm tom llamas. we begin with the desperate search for the missing in california's deadliest wildfire on record. authorities now reporting roughly 1300 residents still unaccounted for in the camp fire in northern california. imploring residents to check in. but, this is nearly impossible for some as communications remain spotty. there are also mounting concerns about what's next for tens of thousands of residents left homeless and the sustainability of what you see here. makeshift tent cities and other shelters. president trump toured the devastation on saturday with state officials. as air quality turns toxic. take a look at that. smoke hanging low over several major cities. and people having to use masks to help breathe. and while authorities have made progress containing the camp fire, it counts to burn. with wind gusts threatening to breathe new life into the flames. abc's marcus moore is in chico. >> reporter: more than a week after one of the nation's deadliest wildfires ravaged northern califo

tom: how about gop's stability? we are going to talk about -- we're going to talk with french from arkansas. looking forward to speaking with congressman hill, now in the minority. deutsche bank with a leg down, looking at 8.051 and a leg down. how about that? the rollover this morning of deutsche bank. michael mckee in buenos aires. we will have more from the meeting. putin is francine said scheduled to arrive. this is "bloomberg." ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. importantll be an conversation after his speech, myer chairman powell speech, conversation with the vice chairman of the federal reserve system. i want to drive forward the data dependency into the meetings of 2019. look for that in the 6:00 hour on monday. looking forward to this conversatio

tom: francine lacqua in singapore. i'm tom keene in new york. kumar, one of our most popular guests. do you feel we got it wrong that great america? komal: the second quarter being strong was anticipated because that was the affect -- the peak affect of the tax cut. you see fourth-quarter expectations are slower. was a bomb, an increase in the growth rate. the long-term trajectory is present. tom: we just had taylor talking about mr. buffett and the idea of share buybacks. we have not seen much capex. do you assume that capex does not materialize? komal: the capex i do not think will materialize because of the fact that the tax cuts have got more into share buybacks, increasing dividends, rather than capital spending. having increased interest rates and if they wage growth number for friday is going to make the fed more inclined to increase toes on december 19 and suggest three increases in 2019, that will be a negative for capital spending. i think we are seeing a continuation of the impact which is why i feel much better about and thinking the

. >> jimmy: and it's called toms, but his name is not tom. it's blake. >> steve: no, it's blake. [ laughter ] blakcobeen called blakes. >> steve: yeah, could have been blakes. blakes a -- >> jimmy: but he's not thinking about ego. >> steve: no he's thinking about tom. [ laughter ] >> jimmy: no, no. he's not even thinking about tom. he's thinking about tom-morrow. >> steve: oh. [ audience oohs ] >> jimmy: yeah, what are you going to do for shoes -- you buy shoes today. you want to give shoes tomorrow. >> steve: oh good. >> jimmy: but i want to talk to him about all of that. he's just got a great story, and a big, big announcement. tonight, that's gonna be great. ♪ it's going to be great it's going to be awesome ♪ [ cheers ] >> jimmy: michael buble is also on the show! [ cheers and applause ] >> steve: yeah! >> jimmy: we love you michael buble! >> steve: come on! ♪ is this the right side? is that the right side? >> steve: yeah. yep. ♪ it's gonna be grenna ve a real good time ♪ ♪ everybody singing dancing along ♪ ♪ it's gonneat g

this is bloomberg. ♪ tom: good morning, everyone. i'm tom keene in new york. we have a quiet washington dc. all of that around a quiet washington dc. quickly here with kevin, our chief washington correspondent. maybe it's the lame-duck thing going on. it's quiet in washington. give me your calendar for this week. kevin: you've got lawmakers that are back on thanksgiving break. the big thing is what about the mueller investigation. we don't really have a clue who he will indict. hates the rick predicament with his approximation to paul manafort is something we are watching. outink trying to figure areas of bipartisanship in the leadership elections next week for nancy pelosi, that's something to watch. term, he'sthe short under a lot of pressure to not make any significant changes. there are republicans who would go against him should he try to read deal -- derail the program. you have leadership elections next week and the potential for a government shutdown december 7. that's a lot of high theater. the mueller indictments are coming at any time. are a lot of

i'm tom llamas in new york. "gma" first thing in the morning david muir right back here tomorrow night. have a great evening. good night. . >>> don't on abc 7 news at 6:00, they're pulling out all the stops to get bay area voters to the polls. >>> and new details emerge about the suspect who led police on a chase in danville before he was shot and killed by an officer. >>> and no parking on the water. the warning being issued to voters in one north bay community. >> abc 7 news at 6:00 starts now. >> live, where you live, this is abc 7 news. >> it's a familiar scene, the last few days in the bay area, people are not waiting until tuesday to vote in the election. >> and in some cities, the lines are long. good evening, and thank you for joining us. i'm eric thomas. >> i'm dion lim. many are opting to cast in ballots now rather than stand in line on tuesday. >> there is interest in local races and propositions that have people turning out in droves. >> we begin our coverage tonight with abc news reporter katie uteh