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tv   Bloomberg Markets European Close  Bloomberg  October 9, 2017 11:00am-12:00pm EDT

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mark: here are the top stories we are covering from the bloomberg and around the world. u.k. prime minister theresa may will speak in parliament this hour after her disasters speech in manchester last week. regain the trust of her party with crucial brexit negotiations ongoing? ferrari has been off to the races as a public company. could electric cars cause a speed bump for the italian luxury brand? in the entertainment industry, harvey weinstein has been fired from his independent movie powerhouse after allegations of sexual harassment. how his departure shake up the hollywood landscape? we will have a look at where european equities are changing
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-- are trading. it is a mixed day, slightly up. iceland, greece, and finland all gaining. sterling is on the way up after falling last week. sovereign bond yields are falling. these are your final two columns. let's focus what is happening between the spanish and german ten-year number coming down to 1.22. the difference in yield widened by 11 basis points the most since february. ofior administrator catalonia saying all of europe faces economic damage unless the resolution is found. the yield spread is narrowing. german industry rebounding from a low with its best month in seven years, keeping europe's
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because the economy on a solid footing. output increasing from july when a seller -- output increasing from july 2011 from what is called a typically volatile gauge compared to a gain of 4.9%. that comes after factory orders rebounded in august, rising the most since december. exporters benefiting from global demand. let's get to sterling. options traders becoming more bearish on the pound once again. that is the most pessimistic investors have been nonsterling since the election back in june. less than a month ago, sentiment turned bullish after the boe signal that could raise rates in response to celebrating inflation. sterling last week had its biggest weekly drop since last october. it comes after a surge in september of 3.6%.
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this was after a more hawkish bank of england. 19 minutes into the trading day in the u.s. abigail: very small moves for the major averages on this columbus day. we have the dow and the nasdaq trading so slightly. the s&p 500 is down slightly. the dow and the nasdaq have put in all-time highs. but with a mixed trading action, it seems that analysts are on -- it seems that investors are on the pause. there is a bit of if you between president trump and senator corker over a budget. and to we have chris krueger saying if a budget is not passed, tax reform is dead. be something to give an investor think about. let's take a look at the imap. a great way to see what is happening sector-wise. we do have the bond market closed for columbus day. we do not have bond yields influencing the sector
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composition of the s&p 500. we have tech. been we have three of the high dividend yielding sectors also gaining on the day. they don't have a competition of bond yields, but financials down 20 bottom are not getting the tailwind -- but financials on the bottom are not getting the tailwind. let's date into some of those -- let's dig into those health care. down 8% for the beta. this is after j.p. morgan downgraded the healthcare services company over a legal battle between the payers, the dialysis providers, and then american kidney fund. the shares are lower on this. express scripts down 5%. the pbm being punished for a second day in a row. this as we are seeing amazon may partner with anthem rx if they move into the drug distribution business over
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express scripts. that would be bad competition for express scripts. cbs is downgrading. 4%.lly, medtronic down the analysts are saying the company is in a bit of a product lull. let's look at the two top tech stocks between micro stocks and nvidia. it's best day mark and two weeks. they make the chips the going to the cryptocurrency. we are bit of a tailwind. mark: our next guest says investors may be in a state of blissful delusion depending on what you want to believe. neilmechanic and -- mackinnon. is it a melt up or a melt down in equities? phrase fromat
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someone else who writes a weekly analysis. he reminds us from the u.s. equity markets that current evaluations have been higher since the dot-com bubble. but investors seem to be ignoring that, buying into the trump trade ii. the analysis being done so far suggest the impact on the u.s. economy is not that great is equity investors would like. there is a space of blissful delusion. they ignore things like north korea, the vegas shooting, all of the political risks. catalonia for example. bizarrely, although there is lots of risk in the valuation i think going to the year end, we may see a melt down with u.s. equities pressing higher, making new record highs. that certainly sees -- seems to
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be the way of the moment. mark: if you are central banker, as you have said in your notes, the hurricane season will distort the data. what does it mean for policy? and if we are going to get a overheating?prices months, youlast few have seen the commentary in the speeches from janet yellen and her colleagues in the fomc that financial stability is uppermost in their minds. they are aware of the fact that monetary policy may have treated to threats with regards to financial ability. there is evidence of bubbles appearing. they are aware of that and that is why the fed wants to press
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ahead with normalization of policy. a december rate hike is really discounted at this point. the impact on the u.s. hurricane season, policy makers will look at that. investors will look at that as well. the data for the next two months the come less relevant in terms of their investment decisions. as long as the fed does an act aggressively, there has been some recent debates where the u.s. job growth is picking up. maybe inflation might be returning. we have all of the debates on who will replace janet yellen. the general view is that she will be replaced. with the fomc become more hawkish? i suspect not. i expect the fed will remain accommodative, but we shall see. thingsthe near-term,
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will become less relative as long as the fed ask cautious. and as long as there are no other upsets. even if there was an escalation in north korea, that may be seen as a good thing because it removes geopolitical risk. vonnie: we did see that strong market reaction, remember, when there was a north korean threat most recently? and it was strong and it did not last. this morning, we have the turkish lira weakening against the u.s. dollar. when we see market reaction, it is strong reaction. does that concern you? >> but we saw with the turkish lira this morning was certainly carried out via liquid trading. it is important because a month ago we saw the emerging markets currency index being led by a drop in the lira. one of the things that concerns me about this particular dispute in terms of its impact on
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turkey, whether it is considerable liabilities, that it could trigger larger containment. dollar-denominated debt is around $3.5 trillion. if you have a stronger dollar and get a tightening of u.s. financial conditions, that could present problems for not just turkey, but other emerging markets basis. yes, you are right. we can see these rather volatile and pronounced impacts, particularly in the currency market, the bond market, and even in the spanish market as we saw last week with catalonia. but then things settle down quite quickly. vonnie: we did not see contagion from turkey today. but we did see in this quarter, local investors moving their money out of turkey, and foreigners for some reason, thinking it was a good idea to put their money in there. we have a chart that shows us in
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the chart library. mean, wherevoid, i you take your cues from? should you look at what locals are doing and do what they are doing? as how is happening investors manage their money is that they are very quick to rotate out of favorite trades. what we are seeing throughout the course of this year was a international investments into emerging markets and bond markets being quite considerable. of course, as soon as there is any indication of any upsets, economic or financial having to deal with volatility, you quickly see the rotation out of that. i think that investors are very mindful of what is going on, and they do react quickly. as you say, sometimes it is not much in the way of sustained followthrough, whether it is because they think central banks
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would take the requisite action. but certainly, i think it is coming to keep an eye on. about this blissful delusion that seems apparent to most investors, maybe this is what we are seeing. there tends to be an immediate knee-jerk reaction to political and economic events, but then they settle down quite quickly. whether that is the right thing to do remains to be seen. what is happening when it comes to u.k. politics? give me a couple of words. let's finish with u.k. politics. >> i just saw in the u.k. sunday times, it was quite appropriate. basically, their conclusion was the prime minister leading a tighter administration. it may be accurate.
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brexitly, but the negotiations ongoing, it does result in an element of uncertainty reflected in what we are seeing in the plowed -- seeing in the pound. it all depends. the view of most seasoned, political commentators is the brexiteers will want to stick with theresa may asked prime minister because even though the process maybe a little bit -- it is still ongoing. if there is still a new leadership, or a new leader, a new prime minister, that was put the conservative party, and the whole brexit thing can go up in smoke. i think these are the sorts of things that political commentators are looking to the moment in the u.k. in --neel mccann vonnie: let's check in on the
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first word news. here's courtney donohoe. courtney: republican senator bob corker warns the president could set the nation on a path toward world war iii. corker told the new york times the president is trading -- is treating his job as a reality show. president trump accused corker of being gutless for deciding not to run for reelection. corker responded saying it is a shame the white house has become an adult theater center. president trump is making some tough demands on immigration in exchange for letting the so-called dreamer stay in the country. the president wants congress to provide money for his border wall with mexico. and to make dramatic changes to immigration policy. top democrats rejected the demands. tremors are young people brought to the u.s. -- dreamers are young people who are brought to the uss children. richard thaler was awarded the nobel peace prize. the nobel committee said his work shows how human traits
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affect market decisions. the committee said he has made economics more human. more on this, coming up. and british prime minister theresa may could be planning for a shakeup of her cabinet. the move would be designed to reassert her authority and end the government infighting that has her brexit talks. officials want theresa may to deal with force johnson. johnson has angered colleagues by forging his own policy on brexit. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i'm courtney donohoe. this is bloomberg. mark: thank you. coming up, it is the nearly two years has fiat chrysler spun off ferrari. and hear fromut fiat chrysler and ferrari's chief executive sergio next. this is bloomberg.
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♪ i'm marke from london, barton. vonnie: in new york, i'm vonnie quinn. now $27 billion over taking automakers gm and tesla. since the beginning of the year, shares have skyrocketed. is due toe success sergio marchionne, the ceo. nearly two years ago, fiat chrysler automobiles spun off a robbery in an initial public offering, and for shares have -- andin the past year for robbery shares have surged in the past year. emma chandra spoke to sergio marchionne earlier and joins us with more. do yieldsn trying to
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-- doing deals. >> he was at the new york stock exchange talking a lot about their new five-year plan they are due to come out with an 2018 that will take fiat beyond sergio marchionne if he does leave. , clampingk a deal down on new deals. assumes incorrect to that the future hinges on this deal. it will continue to make money. also trying to deliver a new brand 2018 and for the next five your period. no were in that planning cycle is there a need to do a deal. emma: he also addressed jeep, which is part of fiat, which has
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seen a lot of interest from china. he really clamped down on the idea that they would spent off jeep. he said they are not going to consider selling jeep. he spoke about that in the past. bring about the stump that would be left behind they sold jeep. mark was in europe to celebrate the anniversary of ferrari. what do we learn about the future of that brand? emma: first off, there were absolutely beautiful vehicles. yes, he talked about the future of the brand because there has been speculation that ferrari would move into a sport-utility vehicle or an suv. he confirmed today that they are beyond just considering it. they have some models in production and looking at a 30 month timeline for the suv. but they will limit the volume of production to reserve
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exclusivity. he says it would be there only for door vehicle. would be -- [no audio] it will be a four-door. emma: it will be a ferrari-version of an suv. they are keen to make sure that the brand stays exclusive. but interesting news out of the ceo this morning. vonnie: absolutely. emma: he is a good talker. vonnie: that was emma chandra reporting for us. still ahead, which are taylor has one through this year's nobel prize for economics. we will take all about the man who wrote the book on behavioral economics next. this is bloomberg.
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♪ london, i'm mark barton with the european close six minutes away. vonnie: and from new york, i'm vonnie quinn. richard thaler won this year's nobel prize for economics. the university of chicago professor is responsible for the rise in popularity of behavioral economic, and for shedding light on how human behavior can affect markets. the book has had a great influence on people like conservatives in the u k, democrats in washington and many more groups, too. in a press release, the royal academy of science says, by exploring the consequences of
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limited rationality, social preferences, and lack of self-control, baylor has shown how these human trait systematically affect individual decisions as well as market outcomes. last year, richard thaler spoke to bloomberg tv about predicting mistakes and markets in order to find other opportunities. >> we don't try to forecast the earnings of some firm. errors inecast the other people's forecasts. because if we try to focus earnings -- because if we try to forecast earnings, we would make the same mistake as everyone else. if you are watching a baseball game and there is a picture that throws a lot of sinker balls, you can predict the batters are going to hit a lot of ground balls. i can predict that. if i swung, i would miss. we can predict the kinds of mistakes that other investors will make. and then find good opportunities. vonnie: that was richard thaler,
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-- author and university professor and this year's winner of the nobel prize. mark: we are five minutes away from the end of the monday session. stoxx 600 up after rising for a fourth week. check out the currency board. sterling is up today. the biggest decline on a weekly basis last week against the dollar since october last year. sterling rising half of 1% against the dollar today. "the close" is next. this is bloomberg. ♪
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mark: live from london and new york, this is "the european close." up by .1%. today rising for the fourth week best run since march 16.
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want to tell you about the european's biggest hotel operator. esorts operator. $930 million. the offer was the biggest acquisition in the asia pacific giving it more than 20,000 rooms across australia, new zealand and indonesia, access to a growing tourism. shares for accor up. the turkish lira, this is pearceage move. you can see today's percentage decline in the lira was the biggest in 15 months. look at the dollar versus lira. biggest rise since 2008. that was in asia trade, the u.s. and turkey each suspending visa services for citizens looking to visit the other country. the lira heading for the
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seventh day of decline, largest search since may of last year. all major currencies we see rising against the lira today shows the fragility of the $5 trillion foreign exchange market last year. we had the crash of the sterling and then of course in january we had the south african rand plunge. this is the 10-year yield in turkey. 11.25% is where we are today. the yield is up by 43 basis points, the most since july, 2011. the highest since earlier this year as well. since the beginning of the year. that gives you an idea. stocks also declining today as well. and the final chart -- that's it. i've done all four. that was quick. i thought i had one to go, vonnie. vonnie: i have to say with columbus day the bond market is obviously close but there are small but significant movements in other asset classes including the dollar index
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which is obviously still pretty strong there. pushing 94 as we kick off the new week. crude oil is sustaining below $50 on the w.t.i. side of things even though we are higher by about 13 cents. gold is higher but we are round the $1,280 mark. look at the offsure yuan trading. 4.62. it's stronger by about half a percent. this is with the people's congress getting under way. the macro mover at the top of the market. china features because after the week stocks are up 1.2%. maybe not as massive a move we had but still nevertheless pretty interesting -- interesting look at the russian ruble as well as russia continues to be in geopolitical news. it's weaker by about .4%. and as for the rest of us, we are pretty quiet in markets across the world. mark: vonnie, let's get to
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prime minister theresa may, just started to address parliament a minute or so ago. an update on brexit negotiations which of course resumed today. her address coming amid reports reports the prime minister is looking to shake up a cabinet. joining us with the latest brexit editor, emma ross. so is the ball in the e.u.'s court or is the ball in the u.k.'s court? emma: that's right. the fifth run of talks doesn't necessarily get off to a good start. theresa referring to what she was going to say in parliament. the ball was in the e.u.'s court. the e.u. came back and said it's actually in your court. what this means is the e.u. still wants the u.k. to make very clear what they preferred to pay when it comes to financial backing. what they need to pay when they leave the e.u. until that is clear, the e.u. has been pretty firm that talks can't move on.
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mark: for those that don't know this is the fifth round of negotiations. we're there every step of the way. now, is she going to stay as leader? i read on our latest bloomberg story she could -- a tactical ploy walk away from e.u. talks to maybe show her position of strength? as an option? emma: her position is very week. i think before last week there was a view perhaps she would remain in her position until brexit was delivered. no one really wanted the job and that was the consensus. now, depending on who you talk to, there's a sense perhaps she won't make it until march, 2019. of course the party is very divided and there is fear if she were to go that would trigger a leadership challenge that would last up to three months. remember when may came to power last year, the other candidates fell away. so it was actually wrapped up very quickly.
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we thought we would have a whole summer of leadership battles. we didn't. in this situation, though, we've seen last week in manchester the party is incredibly divided. getting a consensus candidate would be very difficult. there's also fear you have this extended leadership battle somehow you would end up with a general election and the big fear there, of course. vonnie: what about the -- hammond safe at the moment? emma: well, the times reported this work -- "the times" in london said that some of the boris backers, if he goes, hammond has to go too. he's the voice of self-brexit. he's businesses' best ally in the government. businesses can adapt and some of the most -- the more pro-brexit elements of the conservative party says hammond is hurting brexit because he
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says, slow things. so that's the dynamic there. if boris johnson is the pro-brexit camp figure head if you like then hammond would be at the other side of the spectrum. vonnie: we were watching theresa may, the prime minister in parliament. laying out objectives she set out in florence last month. the netherlands and denmark are eager to start trade talks but their hands are tied. they can't until this moves on, the process continues. emma: yeah. at the moment the unity of the remaining 27 countries has been very tight. it's been impossible to see any sort of split at all. they've all said the european commission, that they are in charge of the negotiations process and really the unity has been quite striking. britain has tried to sort of
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hold bilateral meetings with several countries. you could argue pursue a divide and rule approach. that hasn't worked. what we've heard reported today is there are some countries who are very keen to move on to trade. and then also worried about the first day of talks whereas some of the other countries are saying, no, we have to sort out of business right, we have to sort out of the financial bill and then we can move on to trade. what ian was reporting is perhaps this is not any progress by december, that is the point where you start see these divisions come out in the open. mark: is it a dangerous game getting rid of johnson? as they have talked about in the last few weeks. on the outside he could possibly cause more danger. emma: well, there are two points of view on this, right? some people say if you get rid of johnson then actually she's ch freer to make some of the
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things. johnson is the one who is undermining her with talk of these red lines. and his 4,000 without objection, so ordered essay. some people say -- 4,000-word essay. some people would agree with that. boris is not held in great esteem in europe from what all the reporters in europe are telling us. but, of course, the other argument is if he's outside, he's completely free. not that's showing himself to be particularly restricted by cabinet unity at the moment. if he's outside he can do what he likes. he will have more time. of course he can build a platform so he's able to distance himself from the way that brexit has been carried out in the hope -- and come back and say this is not how i imagined it. i manled a tpwhroryuss, freedom-loving [ity and this is ow i -- and i imagined a glorious, freedom-loving
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brexit. mark: thank you. ok. here is the regional government prepares to meet this week to think about the next move. spain's prime minister said that independence is bad for the economy. catalonian the government, we told them the best thing they can do is start to abort this process they have started because first, it's not legal. secondly, it's not socially sound in the sense independent parties didn't get a majority of the votes in the last regional elections. the third, it's very bad for the economy. as we have seen many very important companies in catalonia are leaving catalonia to other parts of spain because they elected this uncertainty. cat lonian politics is leading -- catalonian politics is
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leading it. mark: they are not seeing it that way. >> if somebody believes by threatening the economy going -- back in catalonia, spain or europe will be safe is simply reading -- misreading the reality. reality is the private sector is not moving away. here are some announcements of some banking system -- >> they are not announcements. it's happening. it's not just an announcement. it's going to happen. raul: we are talking about headquarters and headquarters is not the market. mark: all of europe faces economic damage unless a resolution is found, too. vonnie: there will be lots of talks this week this week. let's check in other stories
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making headlines. here's courtney donahoe. courtney: a diplomatic dispute between the u.s. and turkey have escalated. both sides have suspended visa services. that comes after presidentered juan's government directed -- directed one. an another white house tweet is raising questions whether president trump is considering military actions against north korea. the president tweeted today the u.s. has been giving north korea billions of dollars for 25 years and getting nothing. he added, quote, policy didn't work. in germany, chancellor angela merkel have cleared an obstacle on forming her next government. she agreed to a demand for allies in bull varyia. she resisted migration caps. the alternative for germany won
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almost 13% of the vote in last month's election. and saudi arabia plans to make its biggest cut yet in oil supply to help dry up the global glut. the state-owned oil company aramco will make a cut of 560 billion barrels a day. the saudis are leading opec and other producers in reducing output in a deal that's boosted oil prices. global news 24 hours a day powered more than 2,700 journalists andage ills in more than 200 countries. this is bloomberg. vonnie. vonnie: coming up, harvey weinstein has been fired from his independent movie powerhouse after allegations of sexual harassment. how will weinstein's departure shake up the hollywood landscape, if at all? this is bloomberg.
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mark: live from london and new york i'm mark barton. vonnie: and i'm vonnie quinn. viacom shares are falling after citi cut the rating. they cited risks that charter communications will stop carrying its content and the days of bundling are over. joining us with more now is taylor. taylor: cutting the price target to a 24. now specifically with this news citi was saying charter may drop some of the distribution of viacom products but it gives a problem. like bundling. people are preferring to do a la cart product. automatic renewals, those days are over. now we put it into numbers more you. you can see in october year over year this month viacom
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lost the most paid tv subscribers. 4.3% for the traditional customers. some of the webb streaming stemmed some of the losses. down 3.7%. indicative of a bigger industry problem about cutting the chord and dom soft a la carte bundles. vonnie: disney came out with a deal to satisfy investors. a good idea or bad idea we don't know. toirl citi, while they caught viacom, another cut a lot of the large cap media companies like disney, discovery. a lot of it based on the broad trend of chord cutting so some of the other names were cbs along with viacom, disney. you are seeing the pressure across the board. another thing i want to mention that's not directly tied into this but something we should mention, viacom owns paramount.
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you see some of the theater stocks fall today. you were talking about the weinstein company later. "bladerunner" didn't do so well in the box office. you see the media stocks, a.m.c., cinema take a leg lower. if i could segue those two together. vonnie: a little bit of history. taylor, thank you. taylor riggs, our stock of the hour. well, hollywood mow gull harvey weinstein was fired sunday after allegations of sexual harassment. the board of directors commented in a public statement saying, quote, in light of new information of misconduct by harvey weinstein in the next few days, the directors of the weinstein company have determined and informed weinstein that his employment is terminated effective immediately. it was a one sentence albeit a long sentence statement and it culminated swift fall for the
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longtime movie mow gull behind some fantastic movies. joining us now from los angeles with more on the story is bloomberg's creighton harrison. creighton, this obviously was coming but according to -- according to a deadline, three board members also resigned friday. did the board members have to go, you know, was this is a case of bad timing? creighton: well, i think the board members, they all sort of quit in succession after the big expo say in the times last week -- expose in "the times" last week. this wasn't a place they wanted to be. the board members said weinstein was suspended and came out yesterday and said he'd been terminated. ark: does this story, crayton, change attitude towards women in hollywood? crayton: that's what we'll find out, right, in the next few
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weeks? whether we'll see more women come out and talk about their experiences because although this weinstein example seems to be particularly egregious, it's not like hollywood has been home of the casting couch for decades, right? surely there are some other cases like this. so far, the commentary on weinstein has been pretty muted. a lot of the same celebrities that you saw talk about others, fox news, with president trump when he was running for office, they haven't been so vocal about weinstein so there's a lot of people who maybe have done business with him in the past who you would expect might normally have something to say about things like this and they just haven't but we'll see if that turns around over time. mark: does that have anything to do with, crayton to do with the fact weinstein's star when it comes to the movie side of the business has wained somewhat? he hasn't had as many successes
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as in years gone by? crayton: yeah, you do have to question whether this could have happened, say, five, 10 years ago when weinstein was much more on top of the world in hollywood and still regularly winning oscars. this sort of period where he hasn't been as successful certainly has made him more vulnerable to anything, much less damning allegations have come out in the past week. vonnie: what happens with the company now? there are some remaining directors who have hired, obviously, legal counsel and there's the brother who i guess will run the -- run the studio, will they need outside financiers? crayton: yeah, bob weinstein is in charge along with glasser. they still have a few things going for them. they do have the slate of films coming out, none of them
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expected to be particularly huge but bob weinstein is known as the guy who kind of did the moneymaking films in the business. among the weinstein brothers. he's most famous i guess for the "scream" series of films. they have another horror movie coming out i think. that business continues to go. they also have a tv business. they're known for movies but they've been doing reality shows for a long time. they started getting into prestige television. it's not like they have nothing in the works. if they can kind of hold it together for the next few weeks and get through this storm and continue doing their projects, if they don't lose these projects or they start to fall apart, there's a chance they get through this and move on. mark: crayton, great job. speaking to us from l.a. today. that is crayton. off. faces this is bloomberg.
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vonnie: it's time for our global battle of the charts. we take a look at some of the most telling charts of the day and what it might mean for investors. you can access these charts on bloomberg by running the function featured at the bottom of the screen. >> thanks, vonnie. it's a-run day in new york so i -- it's a rainy day in new york so i thought i'd go back to the hurricane. we had more than $140 billion in losses between hurricanes irma, harvey, 108th congress. we'll see the insurance stocks -- harvey, nate. we will see the insurance stocks go up. loan is up 26%. on the year it's closetory 40%. travelers today was recommended as a buy. that's because it's the lowest out of all of its peers. we will see the state of hurricanes, nate is expected to be about $2 billion in losses.
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so even after $140 billion in losses, we're seeing that the hurricane season is actually a lot less of an impact on the insurance industry than many people would have thought. vonnie: yes. and all of those represent a human suffering and human element as well, right? puerto rico, terrible. thank you. that is 9243 in your blerk chart library. we're heading across the pond to mark. mark: unone story. of course it's turkey. it's the spat with the u.s. turkish assets getting a bit of a pounding today. on is turkish stocks and evaluation basis turkish stocks are the cheapist since 2009. are they cheap enough? investors getting a timely reminder today of political risks. the dollar jurping by 6.6% earlier, vonnie, against the lira, most since 2008. a warning from our macro
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strategist, the losses are sizeable enough to cause contageon. he looks back to 2006. 25%, vonnie, in five weeks. what set it off? nothing seemed to be wrong in the e.m. space. the lira suddenly blew up in early way and they were containingent. he wants to draw parallels between now and then. there are risks. g #btv 5025. vonnie: glad you brought it up. ballot of the charts winner for shining the light on the hurricanes once again. coming up tomorrow -- nobel .rize winner
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onnie: i'm vonnie quinn. sherry: and i'm sherry. elcome to "bloomberg markets."
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vonnie: from bloomberg world headquarters in new york this is the top stories we're following this next hour. war of words. president trump goes after a republican bob corker of tennessee who retaliates. and the senator responds saying 1600 pennsylvania avenue has become a, quote, adult daycare center. what this will mean for the president's legislative wish list. ichard has won the nobel prize in decisionmaking. we will take a look at his remarkable work and his impact on markets. amazon shoppers will possibly have to pay a little bit more for their purchases this holiday season. we'll tell you why. it is columbuan

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