thanks with the u.s. operations. -- banks with u.s. operations. >> the u.s. banks are a few years ahead. you have more confidence in the capital basis of those banks. they have comparable ratios but the assets within the u.s. banking system are of a high quality and that is not that ambiguous compared to the european peers. there is still a need to write down assets across the books. you will not see that coming through in cash. guy: we still want to understand what those assets will mean in terms of unwinding them. stay with us. great start to the conversation. we are minutes away from the european open. we will take a look at the movers in trade today. sincehas its best quarter 2013. those stories and more our next. this is bloomberg. ♪ >> it is the first positive quarter for pimco. net in euros. it is the first positive. customers are valuing this strong franchise and the performance of pimco. it is paying off and we are turning the corner. cfoline: comments from the speaking to bloomberg this morning. this is one of our key stocks to watch. called up 1.

as the next u.s. president. val: in this episisode of "mosaic," wewe look at how these and othther broadcasters araroud the worldld are covering the 206 u.s. presidential elelection.n. let's start in russia. the u.s. and russia have over 3,000 nuclear warheads aimed at each other. they're at odds in the syrian conflict. russia objects to nato in eastern europe. russians are hacking u.s. institutions. and the u.s. maintains sanctions on russia over ukraine. trump: : i don't know putin. . e said nice things about me. if we got along well, that woululd be good. look-- moderator: wait, wait, wait. trump: from everything i see, has no respect for this person. clinton: well, that's because he'd rather have a puppet as presidenent of the united state. trump: no puppet. no puppet. she doesn't like putin because putin has outsmarted her at every step of the way. moderator: mr. trump-- trump: excuse me. val: no surprise, then, that the russian state-funded english language channel rt has plenty of love for dona

the u.s. is perceived to retreat, he will leave behind a vacuum, a security vacuum. this would be filled by the bad guys. this is what we have seen. nato, we also need american leadership and we need who will actually use nato. >> what does america get out of the commitment that it gives to nato? >> we get a lot. i would say nato is the best defense field that you have ever share withe you other countries. and while i fully agree with president-elect trump that the europeans should pay much more for the common security, it is a fact that the europeans have actually contributed a lot. but also, in other places in the troopswe have deployed and we have helped the united states. for a relatively low cost, you get a lot of advantages. >> does nato need to evolve? >> absolutely. >> how? >> well, you have just seen how nato has responded to the russian aggression in eastern europe. after the russian attack on ukraine, nato decided to reinforce the territorial defense by deploying more troops in the

, the u.s. military depends on that tool. every aircraft, ship, submarine, guided munition, drone, and war-fighter on the ground. >> over half of the munitions we're dropping against isis today in centcom are gps-enabled munitions. what that means is we're able to strike things more efficiently, more accurately with less civilian casualtieies or other casualties in the area. >> but gps satellites also provide presigs timing to the civilian world. space command estimates that some 3 billion people take an action depending on gps every day. >> if you got gas today, that atm system in the gas pump is timed off of gps. the gps goes away, that doesn't work. most of the stoplights in town are timed off of gps. hospitals are interconnected through gps timing sources. every financial transaction is timed off of gps. >> today, there are 24 active gps satellites with a further 10 in reserve, guaranteeing global coverage 24 hours a day, 7 days a week. and yet flying those 34 satellites falls to a tiny team

charges in the u.s. justice department two year antitrust probe into pharmaceuticals could be made by the end of year. they say the investigation now spans more than one dozen companies and concerns about two dozen drugs. industry giants are among the drugmakers who have received subpoenas. all of the companies have said at sete operating quotas. baseball,nal out could stretch as much $3 million if it is ever sold. that is according to the founder of golden options in use jersey. the ball was pocketed by anthony riso and his team won its 108 year championship drought. global news 24 hours a day, powered by more than 2600 journalists and analysts in more , you can findries more stories on the bloomberg. i am shery ahn, this is bloomberg. >> let's check on the markets. in asia, we are standing by. pressure coming from the anxiety we are seeing around the u.s. election. >> that is right. we are seeing a lot of anxiety, volatility in today's markets. the regional index on track for its lowest close in seven

and the u.s. dollar. it's breaking down. ofit all about the arrival -- biggerhen there is a effect like the opec meeting, that tends to outweigh the dollar. and the dollar is very volatile with all of the political developments in the u.s. be what drivesl oil more than anything else at the moment. tracy: what you see in terms of positioning? that when we have the all jeers announcement, the announcement caught the market on the back foot. will we see the same thing again if there is a deal in november? a deal -- john: a deal in november would be quite optimistic. the optimism has slipped since algiers. we are seeing it start to come on again. we have to look slightly longer-term year. the deal on the table is apparently six months. we have to look beyond that and say what is going to happen once that has expired? is that laid the ground for a deal or is that just delaying an increase in production? what are you going to be watching. i think it is 10 more days before we get to november 30? maybe a

a year later, when the u.s. women won the cup, the u.s. soccer federation received $2 million. >> big run to the box. >> o'donnell: men also make for brand name club teams. women's pro clubs have struggled financially, so the women say they rely on their national team income to pay their bills, unlike the men. how are they paid differently? >> there's two different pay structures. the men get paid-- per game. whether they win or lose, they get paid. the women were on a salary-based contract. >> o'donnell: it's a pay structure the women themselves a consistent salary of up to $72,000 a year, and bonuses for wins of $1,350. they also get health insurance and maternity leave. the men enjoy no guaranteed salary and fewer personal benefits, but they can make as much as $17,625 dollars for a win. we wanted to compare two of the top players. salaries vary, but in 2015, hope solo was paid about $366,000 in total by u.s. soccer. in 2014, also a world cup year for the men, team u.s.a. goalkeeper tim howard was paid $398,495. she played in 23 games f

the u.s. from the streets of washington to donald trump's headquarters in new york as well as chicago, boston, philadelphia and many other cities. thousands turned out in protest. refusing to give up the fight, thousands of protesters gathered outside the trump tower in manhattan to voice their frustration at the election results. and chantingrs anti-trump slogans, many expressed worries the billionaires presidency foster racism and intolerance in an already divided country. >> i think donald trumps ability to mobilize racist thought is incredibly terrifying. insurgent to be out here today. urgent to be out here today. >> we want them to know that we're pissed. >> thousands took to the streets to express their anger at the elections outcome. around 1000 people were blocked by police as they attempted to gather around the trump tower in chicago. an emotional crowd also held a vigil outside the white house in washington. angry and shocked, many remain determined to make their voices heard. >> th

a year later, when the u.s. women won the cup, the u.s. soccer federation received $2 million. >> big run to the box. >> o'donnell: men also make major league salaries playing for brand name club teams. women's pro clubs have struggled financially, so the women say they rely on their national team income to pay their bills, unlike the men. how are they paid differently? >> there's two different pay structures. the men get paid-- per game. whether they win or lose, they get paid. the women were on a salary-based contract. structure the women themselves wanted and agreed to, in 2005 and again in 2013. a consistent salary of up to $72,000 a year, and bonuses for wins of $1,350. they also get health insurance and maternity leave. the men enjoy no guaranteed salary and fewer personal benefits, but they can make as much as $17,625 dollars for a win. we wanted to compare two of the top players. salaries vary, but in 2015, hope solo was paid about $366,000 in total by u.s. soccer. in 2014, also a world cup year for the men, team u.s.a. goalkeeper

the u.s. are allies and united by universal values. i hope we can strengthen the u.s./japan alliance. we will cooperate to tackle problems now facing the international community. i look forward to working with him. >> and on the streets of tokyo, major japanese newspapers handed out special editions. >> translator: i think people in the u.s. hoped things would change. now i'm half worried and half hopeful that we can build a good relationship with the u.s. >> translator: i was expecting a female president, but the result was that clinton didn't win. i'm very worried how the results will influence japan's economy. >> the feelings of uncertainty are in part because trump would become the first president who doesn't have a political or military background. but in his victory speech, trump tried to dispel any doubt about his foreign policy. >> i want to tell the world community that while we will always put america's interests first, we will deal fairly with everyone. with everyone. all people and

the u.s. was more subdued on friday. the dow gaining 40 points to close out the best week since 2011. industrials and transports outperform on the back of infrastructure spending from the president-elect while gold fell by more than 6% for the worst week since june. so the dow up by something like almost 5.4% with the best showing since 2011. and the s&p 500 seeing an almost 4% gain, 3.8% gain, the strongest in two years as well. meanwhile, speaking of cnbc on friday, jeff gunda shared his market news saying he likes financials at the moment but is avoiding something. take a listen. >> when we get the closes of 21/30, down nine days in a row, culminating in a crash overseas when the news was apparent that trump would win, that turned out to be a buying opportunity. but right now the market is in no man's land. you have the 2200 type of ceiling. if you look at the charts with a 2100 type of floor, let it prove itself either way. >>> all right. here at the top of the hour i'm joined by the ceo o

a year later, when the u.s. women won the cup, the u.s. soccer federation received $2 million. >> big run to the box. >> o'donnell: men also make for brand name club teams. women's pro clubs have struggled financially, so the women say they rely on their national team income to pay their bills, unlike the men. how are they paid differently? >> there's two different pay structures. the men get paid-- per game. whether they win or lose, they get paid. the women were on a salary-based contract. >> o'donnell: it's a pay structure the women themselves wanted and agreed to, in 2005 a consistent salary of up to $72,000 a year, and bonuses for wins of $1,350. they also get health insurance and maternity leave. the men enjoy no guaranteed salary and fewer personal benefits, but they can make as much as $17,625 dollars for a win. we wanted to compare two of the top players. salaries vary, but in 2015, hope solo was paid about $366,000 in total by u.s. soccer. in 2014, also a world cup year for the men, team u.s.a. goalkeeper tim howard was paid $398

the u.s. women's. but despite their achievement, the players say they've been discriminated against, paid less and treated worse next to the u.s. men's team. >> o'donnell: do you think you should be paid more than the men's team? >> lloyd: yeah, absolutely. >> o'donnell: why? >> lloyd: we win. we're successful. we should get what we deserve. >> logan: bruno mars may be business. and when you hear how he grew up you'll understand why this throwback never takes anything for granted. your house. >> i just really care about what people see. i want them to know that i'm-- i'm working hard for this. the artists that i look up to, like, you know, michael, prince, james brown. they're not phoning it in. they're going up there to murder anybody that performs after them >> i'm steve kroft. >> i'm leslie stahl. >> i'm bill whitaker. >> i'm lara logan. >> i'm norah o'donnell. >> i'm scott pelley. those stories, tonight on "60 minutes." >> cbs money watch sponsored we supporter of growing business. >> quij

still the heartland of the u.s. while the s&p, you have amazon, things where there is a little bit of danger of trump risk. he -- i am thinking of amazon because it has offshore, mechanism, it is not a u.s. company and donald trump had that hates the ceo -- donald trump hates the ceo. local,want to look more a state-by-state company investment thesis, look at companies who do local business and buy them. that is the russell 2000 for most investors. vonnie: beat warren buffett is what you are saying and believe -- be warren buffett is that what you're saying? >> if you invest in the financial index, the broadest exposure to banks and etf's, 11% of the index is berkshire hathaway, you are investing in warren buffett, you buy financials, banks, insurers. not that company is warren buffett. mark: you said the c word, consensus, where it -- when there is consensus, which there seems to be posed trump -- post donald trump, should be warning they'll be ringing? >> part of me says yes, there is a time to get out and you wil

the u.s. remains challenging with ongoing price deflation and competitive pressures in the market. at the u.s. was always going to be a key part of the statement. the stock is up 6% of our this year. ceoill be speaking to the in the morning. that is at 7:40 a.m. monday some -- london time. anna: we have seen these attempts to control the curve coming through from the boj, but back in the timber, we got a change in policy from the boj. we can focus in on this chart. bojreasons why using the to hold the surge of the yield we have seen since donald trump entry -- yousef: it ties into this global vortex. they were pulled into this as well. you can see that pop after the u.s. election and of course the boj compelled to step in, especially once that two-year paper start getting really close to the five-year paper, has to step in there and rain things in. anna: a little more detail, not just the 10 target which we knew before. let us have a look at the risk radar and show what this has done for the j

out here across the u.s. because what we have been seeing is actually some fairly decent conditions for the most part across the country. this is actually a big factor as far as voter turn-out. especially undecided voters. we have seen in the past tend to stay in if there r any severe storms or foul weather. especially with long lines at a lot of the polls. as far as the weather on tuesday afternoon, we saw scattered showers towards the north, pertaining to the cold front across central areas of the u.s. but none of this is severe and actually really no snowfall to be had across the u.s. on wednesday. overall, pretty decent weather heading into the latter part of this week. high pressure behind it, will be keeping things on the cool side. still a few scattered showers into parts of vancouver, extending into canada, some windy conditions up there as well. denver at 13. los angeles with a high of 33, the warm spot. i do want to mention across japan, fairly severe weather taking place today across the western se

, the u.s. military depends on that tool. every aircraft, ship, submarine, guided munition, drone, and war-fighter on the ground. >> over half of the munitions we're dropping against isis today in centcom are gps-enabled munitions. what that means is we're able to strike things more efficiently, more accurately with less civilian casualties or other casualties in the area. >> but gps satellites also provide precision timing to the civilian world. space command estimates that some 3 billion people take an action dependent on gps every day. >> if you got gas today, that atm system in the gas pump is timed off of gps. the gps goes away, that doesn't work. most of the stoplights in town are timed off of gps. hospitals are interconnected through gps timing sources. every financial transaction is timed off of gps. >> today, there are 24 active gps satellites with a further 10 in reserve, guaranteeing global coverage 24 hours a day, 7 days a week. and yet flying those 34 satellites falls to a tiny team

for the u.s. state department. then we look at morocco and why thousands of protesters recently took to the streets after a fish seller was crushed to death in the compactor of a garbage truck while he was trying to retrieve fish confiscated by police. >> and i think what we see now is the tragic, tragic assassination has provided a venue, sort of a breath to bring that together, and maybe have uprisings- act ii of of 2011. that was act i and this could be act ii. amy: and we will speak to leading nigerian environmentalist nnimmo bassey, author of the new book, "oil politics: echoes of ecological wars." all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. we are broadcasting from marrakesh, morocco. the world meteorological organization has announced here at the 22nd annual u.n. climate summit known as cop 22, that 2016 is very likely to be the hottest year on record and that the average global temperature this year is 1.2 degrees ce

, possibly in the u.s. more interest rates hikes. commodities, look at gold. down by three quarters of 1%. a busy day. the biggest 5%, gain since saturday. it is the biggest engineering company and reported higher fourth quarter -- fourth quarter cash it is announced plans to spin off its health care unit. company's's chief executive, what he has been doing is shifting the company toward energy divisions. in june, merged with spain. the focus is high-speed wind turbines. earlier, by as much as 2.5%. and it morewer now than quadrupled yesterday beating estimates, major catastrophes and cuts. , theyneral insurance unit have struggled to improve profitability as lackluster growth and record low rates hurt investment income and prices remain subdued in some markets. let's finish off with the u.k.'second-biggest drugmaker. i have to look at the price, down by 4.6%. third-quarter sales fell more than estimated as new drugs failed to make up for increased competition including the cholesterol pill that became its

and in the u.s., it will be the same. arguably, economic historians debate how much harm the did.ff act it actually helped accelerate the fall into the deep depression. here is the interesting thing. if protectionism cannot protect ordinary working people, at least the white working people, andump's globalization doesn't help that either, then what is the response? if one believes the polls, what policy to sponsor will hillary clinton -- what policy response will hillary clinton have? it is not clear. imagine if people lose -- anyone who drives a car over 10 years loses that job. that will arguably be greater, in terms of working class and middle class insecurity than globalization. and nobody in the western world has an answer to that either. guy: i am looking at pictures of hillary clinton's plane. it has on the side of it "stronger together." does that mean inversely, weaker apart? >> i think, um, if you look at any turn in history, countries fall when they are divided amongst themselves. there is no prospect in my vie

the rise in u.s. interest rates along the curve will be damaging for those countries still struggling and dollar peg. people will be fearful of china allowing the currency to weaken thatst the dollar, and tends to put a freeze on the performance of emerging markets, particularly asia. manus: the inflation expectations, the ratcheting higher, not one analyst thought these rates -- the bond yields would break 2% before the end of the year. ,onald trump in the white house but the market is assuming inflation. offt yellen wanted to get zero, good news, so what is on the table for next year, three hikes, four hikes? it depends on how quickly he spends the money. if it is frontloaded, it will be an inflation problem. given that the u.s. is getting close to full capacity, and unemployment rates are down now. thefront loading of spending will lead to inflation pressure in the u.s.. markets fed will do, are anticipating two great increases next year after a rate increase at the end of this year , but if he dec

or without the u.s. on board. of course, we all want to have the united states on board. >> reporter: she says each country needs to demonstrate on what it can do instead of relying on others. and she called on japan especially to play an active role. japan used to be a key player in combatting climate change but was slow to ratify the paris agreement. takafumi terui, nhk. >>> concerns are growing about the rise of hate attacks on minorities in the united states after trump's election. a civic group received more than 400 reports of intimidation and harassment since his victory. the group warns that a trump presidency could fuel white supremacists at other discriminatory movements since he repeatedly made disparaging comments about imgrants while campaigning. the group says the main targets are immigrants and black people and that many of the cases have taken place at schools. an american reporter described the situation at another school. >> reporter: in jacksonville, florida, high school administrators

of the u.s. is an extremely strong private sector, lots of innovation, great productivity. so long as washington does not get in the way, the private sector in the u.s. will continue to produce the goods so do not underestimate american business. the: should we be thinking moves over, we have seen copper, aluminum shoot up. rio tinto -- up to a record at the moment. $500 billion that seems to be putting to work. this that make these moves fundamentally driven? guest: no. i do not see that really happening. we had a very similar attempt to spend a lot of money on infrastructure at the getting of president obama's first administration. the catch was -- catchphrase was shovel ready products. it takes too long. infrastructure has public inquiries and planning consent attached to it. i go through laguardia airport pretty frequently. what itforetaste of would be like if they rebuild it. nine a -- it is a eight or billion dollar and her structure that takes long time to get started and to make a dent in

that is not just the u.s. campaigning. here in france we have the presidential campaign underway. last night we saw the opposition party of their second televised debate. thwho won? >> that is the question. the photos on the front page give you a little hints. consensus was that the second debate was much more exciting than the first debate, which was seen as a little too nice. they say in the first debate, the candidates were too polite and too well behaved. the glass finally came off last night. finally there was some fighting on that stage. the right-wing paper agrees with that analysis. there is one thing that is interesting, everyone was expecting a major showdown, a dual. that did not really happen. why is that? the outsiders to. but themselves get stepped on -- the outsiders let themselves get stepped on. >> in many ways, big end up. -- they ganged up. >> sarkozy was the main target in the second debate. after all, he is the only one who has been president. his track record became a punching bag. it is

francine: can you really reinflate the u.s. economy? the u.s. economy compared to the rest of the world has not been doing so badly. james: the u.s. economy is doing well, compared with many economies. i would say euro land is a big relative loser. but the big challenge, i would guess, is the case of globalization has been a challenge to the ordinary person the world over. it has been a challenge in terms of jobs, in terms of living standards. this has been accentuated by new technologies as you take jobs away. this is going to be not one presidency to fix. it will take several. seven, guy, and morris reid. they all stay with us. stay with "surveillance." a $1.2 trillion bond rout continues. we analyze how donald trump's election is moving stocks and bonds around the world. plus, with many of europe's biggest economy holding key votes over the coming year, we break down what the new white house means for the region and its investors, and as president how donald trump will be. how will it play on the markets? we speak more with morris reid. ♪ f

one day to go until the u.s. presidential elections as the candidates make the final push for the voters. we will discuss if the results mirror what happened with the brexit vote. surprisesbc reported a jump in profits. the ceos showed progress in his efforts to combat a low growth environment. a recordir reported number of passengers. we hear from the ceo on its latest earnings. how about a look at european equities and trading. something quite unusual happened. european stocks are rising after falling for nine out of the last 11 days. two of the other days, the stoxx few we haveanged not risen 11 days. look at these currencies falling against the dollar. there is a second column. corn yields rising in europe. periphery yields falling. gold the ultimate safe haven is falling today. day after hillary clinton was absolved a second time by the fbi. interesting news in the currency markets. positionhe net short of sterling against the dollar. the pound falling for the first day in seven after the longest winning str

in the u.s. it is much more meaningful to u.s. growth. in the u.k. and europe, all you're going to get is if the growth outlook deteriorates, they just don't cut. if you think that to the previous government, they would have ramped up the cuts and increased austerity. this government will just allow the deterioration without ramping up austerity. yousef: the proposed amount, not enough in your opinion. what kind of spending do they need to to get to to make a dent in the u.k. economic? merrier. more the if they put through a package heading towards 1% of gdp, start to be meaningful. the numbers being leaked suggests it is not really going to move the dial. anna: you don't expect the bank of england to move on the interest rate policy. not overly concerned about gdp levels. global moves away from bond market and higher yields, where does that leave guilds? matt: if we look out on a 10 year review, if you buy into them today are you likely to be in inflation over the next 10 years? we are not sure you do. they don't look particularly attractive. in the

u.s., but also we are standing with communities in the u.s. were going to be threatened and are feeling threatened and fearful about their role in the world. the very first message we want to send them is the world stands with you. people of color, african-american communities, indigenous communities, first and foremost, we need to stand together and challenge the u.s.. if necessary, we need to isolate the u.s.. maybe you have some time to do that. amy: to talk more about the climate talks here in marrakesh and the significance of donald trump's election, we are joined by asad rehman. he leads friends of the earth's campaign for international action to prevent dangerous climate. he is based in britain. interestingly over the weekend leading brexit campaigner nigel , farage became the first foreign politician to visit donald trump at trump tower since his election. asad rehman, we will speak to more extensively tomorrow. but talk about the significance of a leading climate in iran the united states donald trump being elected. >> as we know, glo

do we should the u.s. -- have a world where the u.s. is retreating from their position on the global stage and china more than willing to step -- how dangerous is that? >> the great uncertainty around what trump really thinks is going to be there on day one if he wins. it will not reassure anybody in the region. rishaad: coming up, cash crunch. what is behind this chinese billionaire decision to cut his salary to $.15? ♪ haidi: up next, angie and dave will be around to update you on the big stories of the day. >> we are talking about china trade data, imports and exports all coming out. what does this mean for stabilization? is it in jeopardy? move, it will likely strengthen the dollar, weaken the yuan. what about a trump presidency for china? you can add trade shock to the list of risks for china. implications for a trump or clinton win. japan is watching the u.s. election closely. are yen traders bracing for any impacts question mark we will discuss that and a whole lot more in the next hour. rishaad: the billionaire says his techno

the u.s. election. market reaction to the u.s. presidential election, one of the single biggest day reversals and stock market history. the dow jones industrial average ended the day just shy of the record close. stocks missedech on the rally. amazon, microsoft and facebook shares dropping amid speculation of what a trump presidency would be for all of these companies. investors are wary of what the next administration means for them. joining me now and analyst at bloomberg's global head of markets. thank you for joining us. you did not vote for either candidate but you have been very vocal about both of them. i know you started the never trump movement. what does a donald trump president mean for silicon valley in the future? >> i do not think in knows with any degree of confidence. donald trump has different positions over the crop -- the last 18 months and anyone can tell you they do not know exactly what his position is. it will be an interesting for years. obviously the republicans wanted

at was the atmosphere in the u.s. like? >> well, i just returned three days ago, and i must say that the atmosphere was filled with negative energy, anger, distrust, and frustration. this election was not much about policy. it was certainly not about hope, i'm sorry to say. the narrative was about how the other candidate could not be trusted and was not fit to be the next president of the united states. so, as i said, overall, it's been a very negative election cycle. >> tell me about the candidates' challenges, expanding the support bases in the lead-up to today. >> i think there were multiple reasons why both candidates struggled to reach the finish line. let me touch upon a few. for starters, number one, because there was much frustration and anger as i just mentioned earlier, among the american people, toward the party establishment, regarding the rising inequality, negative effects of globalization, failing immigration policy, but neither candidate was able to deliver a clear, decisive, or positive message. and inspire

only in the u.s. but also in the eurozone and therefore i do expect the e.c.b. not to extend its bond buying program by nine months but only by six months. i do also no longer expect the e.c.b. to cut its deposit rate again in the spring. matt: what are you expecting to hear from mario draghi about the outlook for european banks which is so closely tied to the european economy. he is not probably going to give us any hint about his bond buying program. >> i think as far as banks is concerned, he will continue to deliver the same message that the q.e. program had, the general economy and in the end, also not bad for the banks because it is good for the economy. improve the asset quality head had by banks. he more or less continues to deny that the impact of the interest rate policy on banks is negative. matt: the interesting thing is you mentioned that your inflation outlook with the core around 1%. unemployment around 10%. you still have these reverberations, these shocks from the financial crisis goi

>> 80 part of the u.s. customers are produced locally in the u.s. i believe we're in solid shape, and rather can benefit from the infrastructure program the newer government has announced going forwar forward. >> estate agents in a state. countrywide lowers its core earnings target, saying the brexit vote has led to a drop in transactions in the uk property market. >>> shares in monte dei paschi lead italian banks higher as investors get set to approve a 5 billion euro capital hike at the lender's shareholder meeting. >>> u.s. treasury yields rise, as the dollar index hits a fresh 13-year high. emerging markets hurt, with the malaysian ringgit falling to the lowest level sense the asian financial crisis. >>> good morning. happy thanksgiving to our u.s. viewe viewers. the german efo conditions came in at 1.056 for november versus a forecast for 1.15. slightly better than expected. ju once again, seeing the german level ifo index at 150.5, that is more or less in line with expectations. i'm looking at a forecast for 106. maybe a smidge below forecast.

cuban flag raised at the u.s. embassy in 2015 and an influx of american tourists, sports teams and rock concerts. the memorial will be what you might expect for a man who changed cuban history and dominated the island for more than 50 years. he'll be cremated today so the instead, castro will be memorialized by millions first in havana where the crowds will be asked to sign a loyalty to the revolution oath and then his ashes will tour the island before burial in his hometown of santiago de cuba. >> a week from tomorrow. jim, thank you for your reporting and cuba has been a consistent source of national security concerns for the u.s. from the missile crisis to elian gonzalez and our prison in guantanamo bay. >> more on the impact of his death on american py and abc's chief global affairs correspondent martha raddatz. martha, good morning to you. >> good morning, dan and paula. for a generation of americans the threat from cuba was real and frightening. a tiny country just off our shores, 90 miles with a powerful al

the u.s. to decide who will be the next president, first results expected at 7:00 p.m. eastern and we will bring you the latest from the bloomberg's politics team and cover the market impact depending on the outcome. vonnie: u.s. stocks falling while bonds are fluctuating. polls showing hillary clinton narrowly ahead of donald trump. all of europe will be watching the results of the u.s. elections closely, what could the implications mean for u.s. -european trade relations? we will speak with the deputy finance minister of germany, jens spahn. happening now, donald trump is casting his vote. he is voting at public school 59 in manhattan on the east side of manhattan. , he is casting his vote, he said he would be voting for donald trump. [applause] --[laughter] . mark: 30 minutes away from the close, this is gmm go, global macro movers. yesterday, we rose for the first day, these are the currency fees rising and falling against the dollar with the pound slightly up. bond yields and commodities

talking about the wall that goes along the u.s.-mexico border for practical terms is almost impossible. it is not fully possible. and then really, really expensive, so we will have to see how he plans to commit those measures. the one about deporting more people is very hard when you see who tried to some run. how can you really do that and sent by people to the actual countries where they are from because not all of them are from mexico? it turns to logistical impossibilities that will be really hard to materialize. passing theso lightning rod of trump's chances and it is plunging today, following against every currency in the world. if you look at that auction. what can policymakers do in mexico to stem the volatility? carlos: they have suffered losses. we saw some of them the used earlier this year after brexit. used as a hedge against anything for emerging markets, given the liquidity of the currency, we will see how investors bet against the peso and how to protect themselves against this race. we held a press conference very

looks like with a slight weakening of the u.s. dollar we're seeing some of the skprts if the u.s. economy really good but the cent earnings releases shows a prts strong growth. with that we like some of the trade affiliated but less dollar played ones in the market. >> what if you got a call with a tempt to buy. the dow looks to open down. >> i don't think you need to rush in here, right? because at the very least you can argue trump's made volatility grid again. there's so many known unknowns and unknown unknowns with the presidency. we don't know how much was campaign rhetoric and how much was put into place. if he's talking major tariffs, if he really follows through on that, you're going to start seeing very interesting impacts in the earnings stream. ful if he comes up with it, you're not going to know that answer at the u.s. open. we're not going to know tomorrow. >> a lot of questions. thank you for joining us. nandini ramakrishnan and michael purves. >>> still to come, reacting strongly. we're joined to dissect the jolt in currency markets. stay tuned. you're watching a sp

the blue line is the u.s. 10 year yield. for europeantory value stocks, right now they are at their most costly. the red line is the average yield for bloomberg sovereign bond index. it is outlook for growth in the u.s. and the eurozone. the biggie is the rising bond curve. yields are higher. ing within the value indices is financial shares. trump'sally since victory, on expectations of faster inflation and high yield. if you have any doubts about momentum in growth of benefiting value stocks, that to four years through 2007. value stocks outperformed growth stocks by 50 percentage points on economic momentum. value stocks, not so unloved now. 4999. ofnie: you won that battle the charts. he did ask a question on his charts earlier on. you're the proud winner. see mark's charts at 4999 and joe's at 5000. mark: i think it is you, vonnie. vonnie: still to come, some big interviews later today. doesn't see donald trump making america great again,. scarlet fu will interview later today. eastern, a special guest on "what'd you

change if the u.s. reneges. the bears treaty has already become international law -- the paris treaty has already become international law. each country has its own goals and will likely carry them out with her without the usa. as the world's second-biggest -- brent: the founder of wikileaks, julian assange come is being questioned over rape allegations bidding data 20 2010. a swedish prosecutor travel to the ecuadorian embassy for an interview. is expected to take several days. he took refuge at the embassy four years ago and has been there ever since, fearing extradition to the u.s. >> the swedish prosecutor left the ecuadorian embassy in london without making comments. the surprise in a case that has been shrouded in secrecy from the outset. they spent the day interviewing wikileaks founder julian massage via an ecuadorian intermediate. that is a step forward in an investigation that has installed for so long. >> after six years, he has been in the embassy for 4.5 years. this is potentially a big evo

the u.s. president-elect donald trump against tax tracking on america's commitment to fighting climate change. trump has called global warming hoax and said he wants to withdraw from the agreement that was signed last year in paris. -- re speaking thatnde said he hoped would not happen. >> i so badly wanted the paris accord, your -- you will remember it took place in a particular context after the november 13 attacks. all the world leaders were there. there was a decision to make, a decision on the future of the planet, the environment, and avoiding climate change. is irreversible and that is what i wanted to indicate very clearly in marrakesh. our correspondent told us that people are worried that the u.s. pledges looking less than solid following trumps election. >> people here are worried, it is not exactly a party atmosphere but there is defiant and there is some optimis. people are trying to stay positive about the future of the paris deal. we had -- francois holland said that the paris d

my question, commander, is with the u.s. government be capable -- will obama be capable of committing the cruelty of giving orders to launch a nuclear war given the imminent likelihood of the collapse of the empire? and also freeing the five heroes? >> not if we can persuade him. [applause] >> comrade. >> i, and the representative from guantanamo. dear commander-in-chief, pedro castro, -- fidel castro representatives, today we feel , profoundly pleased because our commander's health has improved as he recovers. every day he shares his knowledge and examples to help us develop our social socialist programs and our main triumphs of the cuban political system. commander, receive of the half -- on behalf of the people of cuba and guantanamo our love and admiration of being with you. the youth that see you as a guide, that are still never abandoning the ideals of our leader after celebrating the anniversary. 100th you would, all of you and your colleagues, continue to live in the hearts of the cuban people. the people remember an

the system will likely head towards the u.s. midwest as we go into friday and impact blizzard watches are in place for parts of the dakotas and minnesota. may happen from late thursd into friday in the area. so, stay inside. but if you have to travel, make sure that you bring a winter survival kit. that includes water, food and a shovel in case of emergency. so, it's going to be quite snowy across the north and snow will likely affect ontario, as well, into friday. a different story in the south quite dry, hot and windy. so, conditions are quite ideal for wildfires to spread rapidly across the desert southwest. across the east, thanks to a big high pressure system, sunny weather is continuing and temperatures are quite hot f. chicago 23 for the high and 24 in oklahoma city. but you can see a cooler boundary right here across the north and west and denver 5 degrees with snowflakes on thursday. in fact, this area had a high of nearly 25 degrees on wednesday. about 20 degrees difference in just one day. now, temperatures expected t

in the u.s. dollar versus the yen trading down on some modest a strength in the yen, one of the true safe havens out there. >> thank you for that, let's check in on the bloomberg first world -- word news. active shooter situation at the ohio state campus in columbus. the far department says seven people have been taken to the hospital. two are described in stable condition. ohio state has almost 60,000 students on its main campus. donald trump is now considering retired army general david petraeus to be secretary of state. according to a senior transition official, trump will meet with petraeus today. he was the director of the cia but resigned after revealing he shared classified documents will having an extramarital affair. an accused of killing nine black permission is at a south carolina church will act as his own attorney. dylann roof's decision came against his lawyers advice. the judge said he would reluctantly accept the decision. world gdpzation said will expand, that is the fastest pace

so the u.s. s.e.c. is also curious about how much returns alibaba will have after today's discount, after today's singles day sales as well. so there are some questions to keep track of, but this is a chance for alibaba to show off its prowess as an e-giant of china and an ecosystem putting on fashion shows and gala events with global names. and really say -- call itself as a front-runner in the future of retail. guys? >> sherry, thank you very much for that. >>> now, the japanese electronics maker, toshiba corp tripled its net profit, rebounding following a massive accounting scandal. it's been an eventful week and the story continues with toshiba. >> yes, it's upward looking because toshiba reported and said operating profit climbed back into the black. sales of memory chips had been stronger than expected, and hard drive discs used in computers and game consoles had been up. business was brisk in other core areas such as power generation plants. toshiba has been going through drastic restructuring af

can the u.s. maintain the special relationship under the leadership of prime minister may and the new president donald trump. joining us from london, lord lamont. a trump election give theresa may and upper hand in negotiating trade with the eu? in athink it will help psychological sense because donald trump is sympathetic to brexit and the eu will be very worried about the relationship with the united states. in a general psychological sense, it will be a boost. there are obvious differences of the the approach brexit government and donald trump in that brexit actually is about pretrade. opening up opportunities worldwide. on the whole, i think the psychological effect is one that will worry the europeans quite a lot. odd, the letter that the president of the council sent to the american president. i think they are nervous. francine: because they are, would it not be going a step further. if you have a president-elect casting doubts on the u.s. commitment to nato, given the strength of the britis

the u.s. nine official days of mourning here in cuba have now begun. the flags at half-staff. tonight, cuban exiles in miami celebrating in the streets of little havana. while here, we meet so many families who now mourn their leader. and what they say about a future relationship with the u.s. >>> also, the cuba backlash. new questions about the renewed ties with america. president-elect donald trump's team calling it a one-sided deal, suggesting it won't last long. and president obama facing some backlash for his official statement. >>> the recount battle brewing. president-elect trump lashing three crucial states. >>> the deadly rampage in new orleans' french quarter, panic in the streets. one person killed, nine wounded. the hunt for suspects at this hour. >>> and the mystery kidnapping, the mother of two found alive after three weeks. abandoned and tied up on the side of the road. you'll hear the radio call from the first officer on the scene. >>> good evening. on this sunday night, we com

the u.s. white house eventually released an image of his birth certificate, showing born in hawaii. on the family side of things trump's life also been colorful, married three times and has five children. two divorces widely publicized in the tabloids. >>> now in the studio we have professor of the university of tokyo, he's a specialist on american government and history. also nhk "newsline's" editor in chief. thanks for coming in. first of all, what is your reaction to this result? >> well, stunning come from the behind victory for mr. trump. i think this is also a clear repudiation by the ordinary people of the washington establishment. i think there are three or four losers tonight. of course, hillary clinton is loser. pollsters were losers and elite media also included in that category. but also the political establishment was -- might be the biggest loser. the biggest question is whether mr. trump can govern the united states without significant substantial help from these establishment p

cuban flag raised at the u.s. embassy in 2015 and an influx of american tourists, sports teams and rock concerts. the memorial will be what you might expect for a man who changed cuban history and dominated the island for more than 50 years. he'll be cremated today so the body will not be lying in state, instead, castro will be memorialized by millions first in havana where the crowds will be asked to sign a loyalty to the revolution oath and then his ashes will tour the island before burial in his hometown of santiago de cuba. >> that will be a week from tomorrow. jim, thank you for your reporting and cuba has been a consistent source of national security concerns for the u.s. from the missile crisis to elian gonzalez to questions about our prison in guantanamo bay. >> for more on all of that and the potential impact of castro's death on american policy going forward let's go to washington and abc's chief global affairs correspondent martha raddatz. martha, good morning to you. >> good morning, dan and paula. for

scarlet: the u.s. looks better than europe, then japan, but overall, valuations are pretty rich and you want to stick with the defenses? >> for now, yes. in a day where everything has performed the opposite of how you would have expected to, emerging markets has gone as badly as you would have expected it to. i think there is an opportunity. market? mexico emerging >> e.m. is a big place, so probably avoid mexico, brazil, south africa. matt: thanks so much for joining us. appreciate it. trump's surprise victory shocks markets and the nation. we will dig into how he paved his way to the white house next. this is bloomberg. ♪ matt: time for the bloomberg , a look at some of the biggest business stories in the news right now. the british day trader accused of causing the 2010 flash crash is set to plead guilty in chicago according to his lawyer. he lost a year-long battle to avoid extradition from the u.k. he's accused of making $40 million on spoofing cme group's stock markets futures including on may