the bank of japan is right behind me, wrapping up a two-day meeting. we will get that decision in just over an hour. the press conference this afternoon. that he could join us now to talk about what is at stake here. first of all, set the stage. we know the strong election results, the prime minister has not only cemented the policy in place. oddsy have made the high that governor kuroda will be reappointed. not, the policy continues. what does this mean for the boj moving ahead? >> it is quite likely he will be reappointed. the current framework will be maintained. the boj's policy would work eventually. the yen is likely to be week akened. kathleen: in the past, you have raised some questions about boj policy under governor kuroda. at this pledge, you are saying -- at this point, you are saying there is an added momentum given that there is such a strong backing for governor kuroda. is this a tailwind or a bit of a headwind? >> this is a tailwind. it is likely to continue for some time. when -- when the boj will hike the long and of the curve -- long

manus: the bank of japan gives monetary stimulus unchanged. it takes a different path from its peers. the boe is expected to hike rates on thursday. the fed could follow suit. morgan stanley drops out of an industry court allows financial advisors to defect to competitors without getting sued. ♪ anna: a warm welcome, everybody. this is "bloomberg daybreak: europe" from london. i'm anna edwards. manus: i'm manus cranny. they are going to spend about a hundred million euros in annual costs on the pirates. the first cap revenue 3.3 billion euros. this is the guidance. profits for the full year will remain unchanged. overall profit rises by 11%. traffic growth offset their was with the pilots. with the pilots. profit 1.2 9t billion. traffic is up 11%. they're going to spend 100 million euros on solving their pilot issues. from the french banking business, third-quarter net income 2.4 billion euros. as above the estimate of 1.99. i continue that they haven't avoidd -- have managed to the trading slots that drag down their competitors. income from

now getting back to the bank of japan. the stemless program unchanged, stimulus -- stemless program unchanged. ee are joined by greg -- georg in new york. do you see any difference in the way the japanese and foreign investors are digesting around the yield curve and what does it tell you? george: the bank of japan keeping things on hold and really setting a different course with the ecb reducing their using. the bank of japan still with the domestic program. it does create an environment where investors in japan have to look for the yield elsewhere, but you have to be careful on where to look for yield. if you look at the adjusted basis on the effects, european bond markets even with their lower european yields look more attractive than the u.s. rates. and with the fed raising rates it looks like borrowing is putting on certain traits -- much more expensive and in the past with the japanese is a big buyer in the u.s. markets, as the fed pushes rates the japanese bind will slow down. nejra: as a foreign investor looking at

this image of the bank of japan governor has been assigned one hundred percent happiness racing but what exactly that says about his next policy decision remains unclear after all looks can be deceiving. we're going to switch gears now allegations of rape and sexual assault against film director harvey weinstein has led to women across the world opening up on social media they want to make it clear that sexual harassment is not just limited to hollywood it's an everyday occurrence in the workplace. women power in berlin the agent lovelace conference office women in i.t. the opportunity to link up and manages founders and programmers are in attendance their aim to support each other and strengthen female networks the tech world is male dominated women have to be assertive they sometimes witness comments that a downright crass. isn't here and i don't believe that this is a business context and in such a context it's ok to make jokes but they shouldn't cross the line we must keep fighting this and say that we don't want pub conversations in a business contacts that one does not see one. but

in about an hour, former bank of japan for member -- a former bank of japan board member, and we speak with asia society's diplomat in resident. he's a former u.s. secretary of state for east asian affairs. don't miss our interview with the former japanese vice minister of finance. stay tuned. let's get the first word news with roslyn. >> catalonia's separatist leader says spain's control of the region is reminiscent of a dictatorship. to allow direct rule to madrid. they have until 10:00 a.m. monday to make the the pin -- their position on independence clear. new zealand's prime minister says she believes in the benefits of free trade and will pursue new agreement. she is indicated support for the transpacific partnership and intends to cut down on foreign property speculators. she is new zealand's youngest prime minister and the most useful leader in the world. she was elected three months after taking control of her party. the morning post says many as five members of one of china's committees may change when the party congress and since week. the up with the -- the new lineup will

this image of the bank of japan governor has been assigned out one hundred percent happiness racing but what exactly that says about his next policy decision remains unclear after all looks can be deceiving. we're going to switch gears now allegations of rape and sexual assault against film director harvey weinstein has led to women across the world opening up on social media they want to make it clear that sexual harassment is not just limited to hollywood it's an everyday occurrence in the workplace. women power in berlin the ada lovelace conference office women in i.t. the opportunity to link up and manages founders and programmers are in attendance there aim to support each other and strengthen female networks the tech world is male dominated women have to be assertive they sometimes witness comments that a downright crass. isn't here and i don't believe that this is a business context and in such a context it's ok to make jokes but they shouldn't cross the line but we must keep fighting this and say that we don't want pub conversations in a business context one doesn't see one. but

this image of the bank of japan governor has been assigned one hundred percent happiness racing but what exactly that says about his next policy decision remains unclear after all looks can be deceiving. we're going to switch gears now allegations of rape and sexual assault against film director harvey weinstein has led to women across the world opening up on social media they want to make it clear that sexual harassment is not just limited to hollywood it's an everyday occurrence in the workplace. women power in berlin the age in lovelace conference office women in i.t. the opportunity to link up and manages founders and programmers are in attendance their aim to support each other and strengthen female networks the tech world is male dominated women have to be assertive they sometimes witness comments that a downright crass. isn't here and i don't believe that this is a business context and in such a context it's ok to make jokes but they shouldn't cross the line we must keep fighting this and say that we don't want pub conversations in a business context that one doesn't see one. but

the many faces of bank of japan governor how he koku road but what's he thinking and more importantly what's he about to say that's the question researchers believe they'll soon be able to answer . but we've proven the correlation between the governor's facial expressions and the decisions he makes on fiscal policy i believe we can use this method to predict his next move on monetary policy. central bank chiefs are used to close scrutiny take e.c.v. head mario draghi some people believe his choice of type presents a clue about his fiscal plan. others think the way federal reserve chair janet yellen construct her sentences can be revealing. the federal reserve chair woman janet yellen and e.c.b. head mario draghi are readily available so i want the research to cover them too. from facial expressions to fiscal intentions. this image of the bank of japan governor has been assigned one hundred percent happiness racing but what exactly that says about his next policy decision remains unclear after all looks can be deceiving. business with you i'll see you again very soon. and just once mor

way ahead of other central banks in terms of tightening, given that the bank of japan maintained loose policy tightening, and does that mean this two months in a row of dollar bounce back can continue? >> it's possible given the data in the u.s. has been strong. we have two quarters of 3% gdp growth job creation is robust so you have a combination of the fed ahead of the other central banks and the data generally looking strong, showing some momentum strong relative to the beginning of the year. it's been known for a while that the fed has been unwinding policies they started earlier, too n terms of putting in places accommodations they have always been a step ahead. that's laid the ground work for other central banks to take small steps in terms of the normalization process. they're still far behind >> how are you thinking about the new appointment of a potentially new fed chair and how you game out what policy looks like if janet yellen is not reappointed? >> so, it seems like based off of yesterday's press reports, jay powell is the front-runner >> the times reporting that. >> anyth

the many faces of bank of japan governor how he koku road but what's he thinking and more importantly what's he about to say that's the question researchers believe they'll soon be able to answer. critical there are still pretty basic but we've proven the correlation between the governor's facial expressions and the decisions he makes on fiscal policy i believe we can use this method to predict his next move on monetary policy of celibacy. central bank chiefs are used to close scrutiny take it easy head mario draghi some people believe his choice of type presents a clue about his fiscal plans. others think the way federal reserve chair janet yellen construct her sentences can be revealing. videos of federal reserve chair woman janet yellen and e.c.b. head mario draghi are readily available so why won't the research to cover them to . from facial expressions to fiscal intentions. this image of the bank of japan governor has been assigned one hundred percent happiness racing but what exactly that says about his next policy decision remains unclear after all looks can be deceiving. we're

can't really end its taper and the bank of japan can't even think about tapering its asset purchases it's seven hundred billion dollars a year in asset purchase and then all currencies crash concurrently against hard assets and maybe even. to say i want to say that we're just car like that happen a's central bank is going to go in the stock market as harvey weinstein. i mean the the central bank in japan is kept rates near zero point zero zero zero one percent ten years nothing here a ten year note the better the nation of japan is lending out money ten years borrowing money for ten years and getting giving people zero percent and here's the problem you mention japan could be here's one of the things i'm one of the lancy i measure money for a living ok so it's not my son my idea to buy a bunch of gold and short the stock market and there's a loser you're beating them aren't going into. the model portfolio is up both you're not signaling huge dollars the market but it listen i have a hedge portfolio so if north korea bombs the united states tomorrow we're not going to down in the port

>> it has to be good news for the bank of japan. an economy strong enough to boost not only inflation but expectation of inflation. this survey looks at business conditions and the outlook for small, medium and large firms. is the most influential business survey in japan. sentiment on large manufacturers hit a senior high. let's jump into this #and take a look at the main indicators. you see the white line and the turquoise line, those are large manufacturers. the large manufacturers show the big improvement. the outlook jumped to 22. that is the index of business condition sentiment. the outlook jumped. the sentiment unchanged at 23. the outlook moved of one point to 19. people are looking for the strength and services, not manufacturing. small business rose. that is pivotal because that is where potential wage growth can come from. in terms of what we are looking for, this is a very important part of the survey. invest ining ready to capacity. this number on the far right, we expected to move, and instead fell. earlier he said th

can't really end its taper and the bank of japan can't even think about tapering its asset purchases it's seven hundred billion dollars a year in asset purchase and then all currencies crash concurrently against hard assets and maybe even. to say i will say that i will say that we're just car like that have been a's central bank is going to go in the stock market as harvey weinstein. i mean the the central bank in japan is kept rates near zero point zero zero zero one percent ten year nothing here a ten year note the bet that the nation of japan is lending out money ten years borrowing money for ten years and getting giving people zero percent and here's the problem you mention japan it could be here's one of the things i'm one of the lancy i measure money for a living ok so it's not my idea to buy a bunch of gold and short the stock market and they are you feeding them are you going into. the model portfolio is up both yours not signal huge dollars the market but it listen i have a hedge portfolio so if north korea bombs the united states tomorrow we're not going to down in the port

can't really end its taper and the bank of japan can't even think about tapering its asset purchases it's seven hundred billion dollars a year in asset purchase and then all currencies crash concurrently against hard assets and maybe even i have to say i will say that i will say that we're just car like that happen a's central bank is going to go in the stock market as harvey weinstein. i mean that the central bank in japan has kept rates near zero point zero zero zero one percent ten years nothing here a ten year note the better the nation of japan is lending out money ten years borrowing money for ten years and getting giving people zero percent and here's the problem you mention japan could be here's one of the things i'm one of the lancy i measure money for a living ok so it's not my son my idea to buy a bunch of gold and short the stock market and there's a loser you're beating them aren't going into. the model portfolio was up both years not signal huge dollars the market but it listen i have a hedge portfolio so if north korea bombs the united states tomorrow we're not going t

bank of japan has pointed that out. it is all lost on the banks. they cut the workforce and in japan, you have to do it by attrition. so we can improve the efficiencies by investing. and they are generating positions. yvonne: sure, but what i don't understand is that isn't the boj the one inflicting some of the pain for japanese banks with negative interest rates? what of a saying -- seeing as efficiency that needs to be slimmed down? >> it is the bank of japan predicament in the first place. it has really squeezed the traditional properly. and the report is that, despite the banks efforts to try to boost the income, it is still comparatively low as the income has those banks around the world. this fear among japanese banks. customers have too many fees. so many banks in japan. they are so competitive. they are reluctant to boost the income. raimi: telik they are we to see consolidation in the sector? for many years, the regulators in the bank of japan said the community banks had several hundred more. have been trying to encourage them over the ye

that is that the bank of japan hurry to change policy here. to decouple from the federal reserve, should the reserve raise interest rates, nothing is going to happen here in japan. >> all right. much.you so at wisdom tree. >> we will indeed be live in tokyo for that election in japan. >> stay tuned for our special coverage. abe's gamble. that starts this friday, october 20. look at weas going on as -- what's going on, as we are about japan and we'll have a look at what's going with the nikkei. at the moment, hang seng pretty much flat. got the index, shanghai giving up some of the gains that the first trading session, after the golden week holiday. china's foreign reserves climb again, we assess impact. this is bloomberg. ♪ >> from our studios in new york city, this is "charlie rose." charlie: we begin this program with news out of washington. after weeks of speculation and against the advice of his national security advisors, president trump is expected to decertify the iran nuclear deal next week. what does that mean for the future? david

here's bank of japan. here's where abe wanted the yen to go. here's where we are now with the election. weaker yen today. i guess here's where abe wants to go. what is mr. abe's optimal yen level? is it 120, where i have it on the chart, or does he need an ever weaker yen? robert: my sense is he does not want an ever weaker yen. it's probably not good for the country, because, of course, the weaker the yen goes, the higher we see imported prices going in yen terms. it might raise the c.p.i. a little bit, but that just means that japanese money flows abroad. that's not good for our own economy past a certain point. my sense is that the government here is quite comfortable with the yen between 110, 120, maybe a little bit on each side. but somewhere near where we are right now seems to be quite comfortable. we also have to think about the u.s.-japan connection there, because the last thing in the world the government here would want would be yen-dollar that might disturb the u.s.-japan relationship. so i think they're comfortable near where we ar

of england on thursday, and the bank of japan as well. tokyo stocks ran out of steam to end virtually flat on monday but still at a 21—year high. the nasdaq closed 2.2% higher, spurred on by impressive results from apple and other tech companies a quick look at the european market at the start of the trading day, the trading week. i noticed that the ibex in spain doing better than it has in recent days, the catalonia crisis rumbles on. we can look at the day ahead on wall street with michelle fleury. investors with have little time to catch their breath this week between all the economic and corporate news due out. now, the big events of the monthly employment report on friday, and the federal reserve's interest—rate setting policy meeting taking place on tuesday and wednesday. of course, many wall street traders are engaged in a parlour game, trying to guess who will be the next head of the fed. president trump says he is close to deciding who will replace janet yellen when her term ends in february. kicking the week off, though, is

the many faces of bank of japan governor how will he koku road but what's he thinking and more importantly what's he about to say that's the question researchers believe they'll soon be able to answer. critical there are still pretty basic but we've proven the correlation between the governor's facial expressions and the decisions he makes on fiscal policy i believe we can use this method to predict his next move on monetary policy of. central bank chiefs are used to close scrutiny take e.c.v. head mario draghi some people believe his choice of type presents a clue about his fiscal plan. others think the way federal reserve chair janet yellen construct her sentences can be revealing. video's of federal reserve chair woman janet yellen and easy to be had mario draghi are readily available so why won't the research to cover them to. from facial expressions to fiscal intentions. image of the bank of japan governor has been assigned one hundred percent happiness racing but what exactly that says about his next policy decision remains unclear after all looks can be deceiving. my friday face. no

they say low profitability of japan banks is, quote, striking. there's a lot of questions about negative interest rates in regards to the future. do they stick to the 10 year part of the current? do they move a little further along? we will bring in sarah hewin .rom standard chartered bank from an economic point of view, what is the most important issue for? is a continuity and getting mr. nabe to spend? sarah: i think getting them to spend is key. there has been some success. the economy has gathered momentum. the problem is for the boj that inflation is still too low. still well below 1%. about 0.6% this year and our view. the idea that abe is likely to promote fiscal stimulus, that could underpin growth that should eventually drive inflation higher. but it's been a slow, long process. continuity is key. continuity in boj policy to ensure the stimulus will trigger the eight higher inflation. there has been criticism of the interest rates. nothing to make us believe that boj under abe and this parliament is going to be in that any different. we

coming up over the next week, a trio of central bank decisions from the bank of japan, bank of england and the fed. plus, the u.s. jobs report and president trump's trip to asia. it is widely expected his fed chair decision will be known by then. still with me around the table, kathleen gaffney, joern wasmund and jack flaherty. jack, you mentioned the u.k. the bank of england in focus, potentially the first rate hike in over a decade. i looked at some u.k. retail sales figures that came out and they dropped off a cliff. i looked at u.k. gdp, it was like 0.4% better than expected but not compatible with what i would call a time for a rate hike. jack: yeah, but the inflation has scared them a little bit. the weaker pound inflation has come through. it is a very open economy and i think that is what they want to address. i think it is important they address things now rather than later. they will potentially need some ammunition later on. jonathan: kathleen, if you google "unreliable boyfriend" and go to images, i found out this week that governor carney's picture comes up everywhere. it

coming up over the next week, a trio of central bank decisions from the bank of japan, bank of england, and the fed. plus, the u.s. jobs report and president trump's trip to asia. it is widely expected his fed chair decision will be known by then. still with me around the table, kathleen gaffney, joern wasmund, and jack flaherty. jack, you mentioned the u.k. the bank of england in focus, potentially the first rate hike in over a decade. now, i looked at some u.k. retail sales figures that came out and they dropped off a cliff. i looked at u.k. gdp, it was like 0.4% better than expected, but it is not really compatible with what i would call a time for a rate hike. jack: yeah, but the inflation has scared them a little bit. the weaker pound inflation has come through. it is a very open economy and i think that is what they want to address. i think it is important they address things now rather than later. they will potentially need some ammunition later on. jonathan: kathleen, if you google "unreliable boyfriend" and go to images, i found out this week that governor carney's picture com

coming up over the next week, a trio of central bank decisions from the bank of japan, bank of england and the fed. plus, the u.s. jobs report and president trump's trip to asia. it is widely expected his fed chair decision will be known by then. still with me around the table, kathleen gaffney, joern wasmund and jack flaherty. jack, you mentioned the u.k. the bank of england in focus, potentially the first rate hike in over a decade. now, i looked at some u.k. retail sales figures that came out and they dropped off a cliff. i looked at u.k. gdp, it was like 0.4% better than expected but it is not really compatible with what i would call a time for a rate hike. jack: yeah, but the inflation has scared them a little bit. the weaker pound inflation has come through. it is a very open economy and i think that is what they want to address. i think it is important they address things now rather than later. they will potentially need some ammunition later on. jonathan: kathleen, if you google "unreliable boyfriend" and go to images, i found out this week that governor carney's picture comes

coming up over the next week, a trio of central bank decisions from the bank of japan, bank of england, and the fed. plus, the u.s. jobs report and president trump's trip to asia. it is widely expected his fed chair decision will be known by then. still with me around the table, kathleen gaffney, joern wasmund , and jack flaherty. jack, you mentioned the u.k. the bank of england in focus, potentially the first rate hike in over a decade. now, i looked at some u.k. retail sales figures that came out and they dropped off a cliff. i looked at u.k. gdp, it was like 0.4% better than expected , but it is not really compatible with what i would call a time for a rate hike. jack: yeah, but the inflation has scared them a little bit. the weaker pound inflation has come through. it is a very open economy and i think that is what they want to address. i think it is important they address things now rather than later. they will potentially need some ammunition later on. jonathan: kathleen, if you google "unreliable boyfriend" and go to images, i found out this week that governor carney's picture c

think so the many faces of bank of japan governor how he koku road but what's he thinking and more importantly what's he about to say that's the question researchers believe they'll soon be able to answer. critical there are still pretty basic but we presume the correlation between the governor's facial expressions and the decisions he makes on fiscal policy i believe we can use this method to predict his next move on monetary policy. central bank chiefs are used to close scrutiny take easy had mario draghi some people believe his choice of type presents a clue about his fiscal plan. others think the way federal reserve chair janet yellen construct her sentences can be revealing. keep watching those faces and their thighs of course nice doing business but they will see you again very soon going to double. to exhibitions. and then you have to take the exhibitions to the people. in spain they feeds it immobile gallery. who needs canvas when you have a truck to paint on. your romance next song d.w. . why you are forty million people in east africa threatened by starvation what are the causes of t

can't really and it's taper and the bank of japan can't even think about tapering its asset purchases it's seven hundred billion dollars a year in asset purchase and then all currencies crash concurrently against hard assets and maybe even i hate to say i want to say that we're just car like that happen a's central bank is going to go in the stock market as harvey weinstein. i mean the central bank in japan has kept rates near zero point zero zero zero one percent ten years not the old and here the ten year note the bet that the nation of japan is lending out money ten years borrowing money for ten years and getting giving people zero percent and here's the problem you mention japan it could be here's one of the things i'm we're lancy i measure money for a living ok so it's not my son my idea to buy a bunch of gold and short the stock market and there are you beating them aren't going into. the model portfolio was up both years not signal huge dollars the market but it listen i have a hedge portfolio so if north korea bombs the united states tomorrow we're not going to down in the por

the bank of japan bought 30 million stocks. it now holds $127 billion inequity and it would take 31 years to unload that much stock in the normal session. these are jaw-dropping numbers but the nikkei is far from its all-time high. the rally we are seeing now would take another 70% to get up and the reason i mention that is underscore that is underscore the factor when it comes to markets, equity markets it takes a lot more than central bank buying but that is perhaps why the businesses this week will make an announcement possibly the next federal reserve chairman. commission wisdom is that we did candidate and mentioned with maria or karomo president trump called the board of governors member a talented individual. i think the market rallies big and i think it maintains the rally at powell wins. anyone else we could see a slight selloff and speaking of selloffs we had early buying an major indices in record territory but we couldn't couldn't attract a new virus that infects many investors right now cooling their heels as we ha

is bank of japan, she speaking ahead of the world bank meeting. policymakers on the right track. she makes difficult comments on the bank of england. the uncertainty surrounding brexit. the bank of england, i don't want to be specific about the circumstances because it is an flux. the ecb is concerned and the bank of japan, we support continued monetary policy. week for been a bad the pageant. cable rate down by 2.8. certainly on course for the wished week since last week's flash crash. renewed speculation about a isrge for leadership you going to be interesting to see what the press makes of shenanigans being generated. leading the charge to oust the prime minister in the near term. the cio of royal london asset management. the british political story, or they surely -- are the fixated with the pound? ,> brexit is at the forefront particularly for our clients overseas trying to understand the catalog as to why we didn't. transition seems to be a sensible way forward to manage a relatively smooth transition. it is slightly less of a concern. for them it is more in terms of engage

the bank of japan is continuing at the stimulus program at full speed in favor of actually expanding it. unlike the bank of england and the european central bank which tear down bond purchases next or the federal reserve which are very slowly moving to exit in a policies commended bank of japan is absolutely keeping his foot on the gas on this in light of persistently very, very weak inflation. lauren: riva gold, thank you for your time. cheryl: trying to get over what happened in spain. you've got a lot of european politics. you think they've got it going on right here in the united states right now. they get serious over there. lauren: they will call for a new election couple days for christmas. thank you for joining us on ms. holloway in addition of "fbn:am." good morning to you, maria bartiromo. maria: happy tuesday. it is tuesday, october 31st. following day. 6:00 a.m. on the first day. arraigned yesterday along with his former business associate, rate gates in the first charges stemming

brought the dax to new highs last week this week it's bank of japan bank of england and the fed now the fed not expected to move on rates that's expected and december the next rate rise for the dollar for the united states but donald trump is scheduled so he says to nominate the next head of the fed probably not the current one janet yellen and the bank of england scheduled probably to raise rates in a very difficult political and economic situation in britain. it is the weekend financial markets thank you very much. shopping malls used to be an integral part of everyday life in america the mall wasn't just a place to buy food or clothes it was a social habits like to feel teenagers and pension is a like a place to sit down with friends for a quick take the family for a movie but since online retailers like amazon have taken the shop out of shopping many malls have closed down as one in california that is bucking the trend has reinvented itself as a lifestyle center for the v.i.p.'s catering to the rich and famous and fulfilling the needs of hollywood professionals of this new beverly h

surprising move on the pboc as we look at economic reports that the bank of japan, was closed as well. the pboc may not be a surprise because of the state government counsel that urged the pboc to boost lending, and like small businesses, not getting enough credit. they are concerned the leveraging is slowing the economy, so this is important. pmi does moveial a bit. second areas slowing, but the tankan survery coming out, the bank of japan's own survey, we will look at services manufacturing, smaller business, to get a sense of sentiment. paul: thanks very much. gold has ramped up its worst numbers this year. shedding 3%. the outlook from one of bloomberg's top ranked forecasters. this is bloomberg. ♪ ♪ good morning, i am betty lou in new york. paul: i am paul allen in sydney. you are watching daybreak australia. as we start the first trading day of the fourth quarter, let's get perspective on how we ended the third. ramy inocencio is at the wall with coverage, including golden oil. here are charts you need to know. ramy: first off i want to take a look at iron ore. this is btv 4

coming up over the next week, a trio of central bank decisions from the bank of japan, england and the fed. the u.s. jobs report and president trump's trip to asia. it is expected his fed chair decision will be known by then. kathleen gaffney, joern wasmund and jack flaherty. jack, you mentioned the u.k. the bank of england did focus the first rate hike it over a decade. i looked at some u.k. retail sales figures that came out and they dropped off a cliff. likeked at gdp, it was 0.4% better than expected but not compatible with what i would call a time for a rate hike. jack: inflation has scared them a little bit. the weaker pound inflation has come through. it is a very open economy and i think that is what they want to address. i think it is important they address things now rather than later. they will potentially need some ammunition later on. jonathan: if you google "unreliable boyfriend" and go to images, i found out this week that governor carney's picture comes up everywhere. it happens because he guided us towards a rate hike several years ago. did it again and then did it aga

brought the dax to new highs last week this week it's bank of japan bank of england and the fed now the fed not expected to move on rates that's expected and december the next rate rise for the dollar for the united states but donald trump is scheduled so he says to nominate the next head of the fed probably not the current one janet yellen and the bank of england scheduled probably to raise rates in a very difficult political and economic situation in britain. it is the weekend financial markets thank you very much. now we keep hearing about robots taking all our jobs soon and most of us think that's decades away well we might want to think again because it's already happening and you breed of robots is hitting the streets of germany these days for now they're only helping human male carriers in their daily job. meet the boss but a strong robot that is always two steps behind sensors track the milk areas footsteps and a hand gesture is all it takes to stop it. we have between forty and forty five kilos on a cart that's really hard to push the possible it makes it so much easier because

it is in flux because of brexit, but as far as the ecb is concerned and bank of japan, we support the monetary policy. kathleen: just a quick note, the ecb september minutes out from the last meeting, said justin they are looking cautiously at how they are going to -- meeting, they are looking cautiously at how they are going to deal with bonds. the bank of japan getting the latest numbers on the labor cash earnings and more, they have rebounded from a decline last month. however, the doj is a long way from removing this the most. i think in a hint to china, she said the high cost countries must reduce deficit. in terms of what must be fixed, she talked about inequality, the social fabric, and a quote from john f. kennedy, she was speaking at the kennedy center giving a lovely speech, and he talked about, there was a quote where he said, it is nice to enjoy the one sunshine, but the warm sunshine, but the time to repair the roof is when the sun is shining. this is the time to make reforms. rishaad: thank you, kathleen. tonext, we go from the imf markets. having a look and discussing w

of japan. does well inoike the election, the implications would be that we will see a quicker phasing out of a good japan stimulus. normaler return to more yields in the japanese bond market. that would be good for the yen. yvonne: minister the scenarios right now. it is unlikely the party of hope will find any majority in the snap election. if they lose major ground, what happens to the dollar-yen? strategist are essentially game planning different scenarios based on election results. it is unlikely that governor koike could assemble some kind of coalition that would allow her party to choose the next prime minister. polling at the election shows that the plurality of voters have not made up their mind. exactlye doubts about where prime minister abe's coalition will come in after the election. essentially,n is, that if abe wins, he keeps his majority. a be the yen falls a little bit. up to about 114. if you loses the two thirds ,ajority but keeps a majority maybe there is not so much impact. i

if you take it capitalization of the s & p 500, and the ecb and the bank of japan and the fed, it's almost a constant. puck make the argument the stock market has been propelled by quantitative easing. if it's taken away, it reduces that support and the fed is letting some of these bonds roll off. we'll see what this double barrel of conditions really does. so far we have seen the relationship between short rates and long rates has compressed from a very high number compared to 2-year to 10-year yields. now it's kinds of average. there is a theme you hear financial media report that the yield curve is flat and signaling a recession it's flatter than it was before. but it's at the 40-year average. to be signaling economic trouble you need the yield curve to come press further towards flat. we'll see if that happens with the fed raising rates. maria: the jobs number with 2.9% rate. household income down. sentiment while it's up, people aren't spending the way you would expect. do you think inflation is here? >> not really. the fed keeps saying as they said at the outset about why their infla

japan's key price gauge remained unchanged in september ahead of next week's bank of japan meeting. the sluggish gains will continue well into next year. kenya, the results of the presidential election are due this morning. uncertainty about the vote unnerved investors. kenya's benchmark share index has fallen 7.6% since the election outcome was declared void on september 1. u.s. president has blocked the release of hundreds of records on the assassination of president john f. kennedy. donald trump said, i have no choice, citing irreversible harm to national security if he were to allow all records to come out now. he put them under a six month review. global news powered by 2700 journalists and analysts across 120 countries. you can find more stories on the bloomberg at top . thank you. let's check in on the markets in asia. we have a few weeks box. week's box --w we had a few weak spots. we also have a lot of corporate earnings. they have been very good. we have a bunch of earnings coming out in an hour. thechinese financial story, construction bank is out with earnings. austr

they are doing, but the other central bank here, bank of japan, i know, it's interesting, isn't it, guys the other central bank is probably more sinful than the european central bank, so i had to go all the way back to april to give you a look here. it's like a rolling over scallop, upside, upside, upside. the difference is, each one of these is getting a little bit flatter, but it's still a pattern that looks like it actually wants to go up versus down, and my guess is, is that the liquidity that is not going to be taken away by the central bank of japan is most likely going to give this another leg up, so this is the one that's kind of odd man out. no matter how it turns out, a lot of volatility and many say rates are going to go up if the dollar index and euro versus the dollar continue on its current path, it's difficult for me to think rates are going down now it's a question of how much higher john fortt, back to you. >> all right, thank you, rick. >>> still to come, china's dominant search engine baidu struggling, apparently to grow in the coming quarter, though the current q

from the standpoint of the fed, but also in front of the bank of england, post bank of japan, and in front of the big jobs number. how elusive is 3% growth maybe a little less elusive every day. we'll talk about that after the break. >>> i'm scott walker coming up today on the "halftime report" at the top of the hour, under armour hitting a four-year low today, but as wall street bails on the stock, is anyone on our desk ready to jump in? plus, big tech grilled before congress over russia's involvement in the election. how much risk is now on facebook, google, and twitter? and forget those other reviews of the iphone x, there it is, got our own right here we're going to debate whether shares are about to take another leg up "halftime report," sara, starts at noon eastern. see you in less than 15 minutes. >> all right, very eager to hear the under armour discussion, thank you very much. >>> we're watching shares of this stock because it's now the worst performer on the s&p 500, the class a stock down 17%, the other one down about 14% it's also one of the worst performers so far for th

my comment now, let's include the bank of japan. their meeting on the 31st. i don't think they are anywhere near reversing with abe in power for another turn, i think mr. kr kuroda is going to be in power your final thoughts on japan. >> maybe it's time looking at bond yields, ten-year treasuries, to revel in the idea economists might be right for a fleeting moment. every year we come into the year saying bond yields look low to where fundamentals are this year it's been an about face we've had a global growth story that's taken take step up and maintained that momentum if anything, there's upside risk to that. monetary policy tightening in a synchronized manner. upside risks there as well so i think the bank of japan in some sense is along for this ride but they are going to hold back as much as possible so far as maintaining that peg at the ten-year point to zero in order to affect as much stimulus as possible before they are forced to move peru thank you very much, ben interesting. a couple of days we'll know more about both those topics ecb and bank of ja

have no choice but to put money into the nikkei because the bank of japan is buying all the bonds. option but them no positive punishment is for the stock market. if you look at the stock market in terms of relations and but in assumptions hillary will decrease by .5% every year for the seeable furniture and the domestic market is the biggest market for most companies, especially for small companies, then the demographics argue against the stock market being able to maintain these levels once the artificial levels support the bank of japan comes to an end. guy: japan has a history and technology. it is an area investors value highly at this point. you look at the core components of the s&p rally to understand that. is that an area i should look at in terms of japan being an area -- you can argue it is undervalued -- that will do well in the future? this will be an increasing part of our thesis. guest: technology is always good, it makes companies do things better than they did before. that is great for companies. you start to be able to sell the stocks you make and if you have 100

halloween, not many days after the bank of japan meeting. these are huge i can't tell you what either is going to do, but there's a certain amount of expectations built n.on the ecb side, lower for longer, whether it's the dollar amount of question or interest rates, but on the bank of japan side everything has changed with the lection certainly seems as though abe's place is secure so maybe the real wild card is watching what the b of j does more but the both lead to the same issue. how much anxiety are the central banks willing to take to turn the ship along with the u.s. and my contention is maybe not as much as you thing jon forth, back to you. >> thank you, rick santelli, talking real currency markets which brings us to what's happens the call of the day. bitcoin. is it the next enron, really "squawk alley" is back in a moment [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's ou

this image of the bank of japan governor has been assigned one hundred percent happiness racing but what exactly that says about his next policy decision remains unclear after all looks can be deceiving. companies have repeatedly come under fire this year for their apparently racist. of last week this week its never had a quarter here in germany facing criticism across africa for a campaign for skin lightening product for make a budget for social media. for africa correspondent here to tell us more welcome both. tell us about this campaign so at the center of the discussion is a complain that navya has been running through a t.v. spots and billboards in several african countries and it advertises. products but in a way that critics say seem to suggest that having dark skin is something negative let me show you an example of that campaign it's a t.v. spot that has been running. this one. t.v. spot that has been running in the past months in several african countries and he shows a model that is rubbing new veil ocean on her skin which then turns visibly lighter and this has caused a lot o

the fed, ecb, bank of japan need to step up. they need to step up the pace the normalization. what comes out of washington is something different than that. if we get some stimulus, what is the stimulus going to do? it will accelerate the recovery we have already seen. i can see rates buffeting back-and-forth between this. i don't know if it has much to do with the fed chair or stimulus, it is still qe after effect. jonathan: people say we want a real market back, but volcker back? really? he had inflation to deal with. not inflation with a to handle. come on. bob: inflation is picking up. i am going to pull up a chart because i get this all the time. people say no, there is no inflation. you see it. you see year-over-year wage gains coming up. you see the inflation across europe, japan, china. it is all picking up. jonathan: is it picking up, marilyn? marilyn: it is picking up to a certain extent. still from very, very low levels. it is all relative. certainly still at very low levels. jonathan: michael collins, you will take the other side of that? mike: all day long. given

the bank of japan sees inflation turn 2%. many would say that is optimistic but that is pushed three backs -- three months back from 2018. despite an incredibly tight labor market, one of the indicators in the survey was the anxiety they are feeling. on implement rate of 2.7% is an extraordinary tight labor markets. curve,ditional phillips it has not been seen for 20 years in japan. it is busted. in that environment, how are you against the 2% backdrop of a very strong economy when the transition mechanism seems to be broken? manus: i was having this conversation with a friend yesterday. this is groupthink. this is groupthink. nobody saw the price is coming. nobody saw the asset bubbles would be traded. here we are with groupthink, 2%, 2%, 2%. nowhere near 2%. the thing needs change. >> it does. just over a week ago, a speech was one of the more fascinating that i've seen. he challenges the assertion that we still need a rigorous 2% inflation target given the disconnect between the financial cycle and the business cycle. you

bank of japan. speaking ahead of the imf autumn meeting she said current conditions in the e.u. in japan mean policymakers are on the right track. she also thinks it is difficult to comment on the bank of england because of the uncertainty surrounding brexit. >> i think the case of the bank of england, i do not want to be too specific about the circumstances there because it is too in flux because of the brexit situation. we support continued accommodative monetary policy. >> the u.s. treasury has found stephen mnuchin's use of government aircraft at a cost of $800,000 in line with the rules. but there calling for more vigor about expenses in the future. mnuchin has asked for nine official planes since the coming secretary in february. althoughe approved, the one to use for his honeymoon was withdrawn. president trump's comments on puerto rico's debt, saying he expects the $74 billion to be addressed through bankruptcy proceedings. he suggested the debt be simply wiped out. puerto rico began a bankr