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tv   Bloomberg Markets Americas  Bloomberg  October 17, 2017 12:00pm-1:00pm EDT

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from bloomberg world headquarters in new york, here are the top stories on the bloomberg and from around the world. financials, morgan stanley jumped after its wealth unit cushions the blow for declines in bond trading revenue . goldman sachs follow suit as its bet on lending pays off. we speak exclusively to media and wellness mogul arianna huffington from laguna beach with what she has to say about how to approve -- improve workplace culture. major developments in the fourth round of nafta talks, what we are learning about canada and mexico's response to the latest proposals from the u.s., and what it means for the future of this trade deal. details just ahead. julie hyman joining me, the dow what one point surpassing 23,000. not anymore. julie: that was of course a
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record. all three major averages were at record yesterday but they are sort of drifting today as attention is turning to individual stocks and their earnings reports. i want to take a look at this march towards 23,000, even if we do not quite maintain that level. we have the lines at the various 1000 point intervals for the dow. it is the sixth time we have moved 1000 points over the past 12 months and the fifth time since the election. it has been at pretty regular intervals. we have seen the dow stall out several times once it has climbed to those big round numbers. we have some significant dow movers, unitedhealth group rising after the nation's largest health insurer came out with a medical loss ratio that was lower than estimated as its customers spend less. johnson & johnson out with earnings as well. off top-selling drug fended
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competition even though there have been accusations that they are using unfair tactics to block patients from getting alternative products. the drug unit generally at j&j has been performing well, but holding the dow back to some extent is goldman sachs after they came out with earnings that eat analysts estimates. there was a dip in trading revenue but a rise in revenue from the company's own investments. does not seem like there is much optimism that trading revenue will get better anytime soon. we are watching outside what is going on in stocks, what is going on with the treasury spread and the u.s. dollar. we have seen the spread between the two-year and 10 year yield into need to tighten or flatten. marketss at bmo capital say it is just the beginning because they say the curve has flattened by an average of 21.5 basis points between the fourth
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and fifth hikes in a tightening cycle so it should be closer to 60 basis points. right now, it is 76 at the moment. we have seen the dollar has tracked fairly closely with that spread. there has been a bit of diversions recently as we see the dollar bounced. we will see if we see the dollar track down with the flattening curve. vonnie: julie hyman, thank you. you are looking at live pictures of president donald trump welcoming greece's prime minister alexis tsipras. they are expected to hold a joint news conference today at 1:30 p.m. eastern in the rose garden, which naturally we will bring live as it happens. the greek prime minister and president of the united states meeting. bank earnings season underway and banks across the board finding different revenue streams to offset the slump in fixed income trading.
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goldman looking to its investing and lending arms. lows,g near session morgan up 6/10 of 1%, goldman down 1.8%. joining us now is brennan hawken live from the ubs trading floor. the quality of these beasts today, -- beats today, there were beats. brennan: i thought the results were ok at both firms, better at morgan then it goldman although they were starting at different points. organ starting at a higher point, things had been going well throughout the year so the bar was higher for them. a were able to achieve that. -- they were able to achieve that. on the goldman side, they have and ratherg on ficc substantially. this quarter they looked more in line with the pack, albeit at the back but they are not trailing significantly.
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the next step will be moving forward with many of the growth initiatives they have weighed out. shery: you mentioned goldman howing on ficc trading but significant is it that although it plunged it plunged less than expected? how positive was that? brennan: when you think about it , year to date trading revenue for the u.s. bracket firms, goldman is a significant outlier. the range of declines are flattish to down about 10% in the worst case, and then you have goldman down about 23% year to date. that gives you an indication of how big of a gulf you were talking about and how much of a whole goldman has put itself in, in the first six months of the year. the first -- this quarter it was more at the back end of the pack rather than the big outlier, a positive step that they were not a big trailer but they are still at the back end.
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this $2.2 billion buyback was pretty substantial and lowers the amount of shares outstanding. it must be cheering investors. brennan: the buyback was one of the more positive things. goldman made a couple of positive points, one was the buyback. they came out today and said it would be a $.7 billion so that is constructive -- $8.7 billion of that is constructive. they said that excluding commodity losses in the ficc line, they are looking at about $1.6 billion revenue figure per quarter whereas the reported number is $1.4 billion. they have got about $200 million or so of inventory losses in the commodities business today. if you use that as a starting off point, consensus figures next year or not at all hard to get to.
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both of those are reasonably constructive. shery: when it comes to return on equity's for banks across the board, the chart 7763 showing we are still below precrisis levels. barsan see those are your in green as opposed to the price of the s&p 500 banks which has been rallying. when can we expect a significant rebound when it comes to r.o.e.? brennan: not in the third and fourth quarter, maybe to some degree in the fourth quarter for goldman. third quarter is typically one of the worst quarters of the year as far as profitability. you have the slow summer months of july and august. people do not really trade then so liquidity tends to dry up and you do not get a great deal of profitability. we have investment banking backlogs that have dried up and most of that is because of policy uncertainty out of d.c. if we can get something out of d.c. in the next few months or a
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stronger indication of greater confidence of what will happen on the tax front, you will have greater certainty and boards that will want to pull the trigger on deals or changing around the capital stack to make it more efficient. hawken, ubs bank analyst, thank you for joining us. let's check in on the first word news. choiceresident trump's of the drug czar has withdrawn his name from consideration. there were news reports that tom marino had pushed legislation making it harder for the drug enforcement the two fight the opiate crisis. each day an average of 91 americans die from opioid overdose. david davis told lawmakers there are no plans to get up and walk away from those deadlocked talks with the european union. european leaders are meeting later this week in brussels. secretary davis says the government will wait for the outcome before deciding on its next move. islamic state's self-proclaimed
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capital in syria has fallen. the city of raqqa has been liberated. the fight began in june and left thousands of civilians and fighters dead. much of the city is in ruins. as fire crews in california make progress on wildfires burning in wine country for about a week, new blazes have broken out. the department of forest he and fire protection officials say firefighters are fighting brushfires in los angeles and another in the southern bay area . the fires have killed at least 40 people and destroyed thousands of structures. i am mark crumpton, bloomberg television. shery: coming up on the show, media and wellness mogul barry on of thrive global joins us live from laguna beach on how to improve workplace culture. this is bloomberg. ♪
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♪ back. welcome this is bloomberg markets. i am shery ahn. vonnie: i am vonnie quinn. president trump set to announce his pick for the next chairman of the federal reserve before leaving on his trip to asia early november, according to a white house official. asmp will announce his pick the next federal reserve chair before leaving in early november for an asia trip, according to a person in the administration with knowledge of the plan. in the wake of the explosive allegations brought to harvey weinstein, systematic problems in the workplace have become the center of discussion among business and tech leaders gathering at the wall street he read emilyence
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chang is standing by with a special guest. -- conference. emily chang is standing by with a special guest. emily: i am here with arianna huffington. arianna: thank you. emily: you have talked about the importance of building workplace culture, and you are working with companies from jpmorgan to airbnb uber to compel cultural changes from the top down. what has been the most surprising thing so far of being in the trenches? companiesore and more are realizing that building healthy cultures is not a nice to have, it is essential for the bottom line. the consequences of a broken culture affect business metrics like recruitment retention, attrition, health care costs. companies are taking much more
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seriously. we have all heard the phrase culture is strategy for breakfast, etc., but in reality finally now we are recognizing the importance of healthy culture where the structures and processes in place immediately deal with problems and complaints. emily: you have pledged sweeping cultural changes that uber. how confident are you that the new ceo can make the changes fast enough? arianna: they are already happening. the head of human resources at uber has been fantastic in implementing all of their recommendations, 47 of them, which were unanimously approved by the board. have been implemented or are in the process of being implemented . they were in three categories. structures and process in place, anagen and training, because -- management training because uber
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had 60% of managers who were first time managers, and then government stages. been a long road since that blog post from susan seller and i am curious what mistakes you think you have made throughout the progress -- process. arianna: the most important lesson is to recognize that a company has to stand for more than hypergrowth. obviously, uber has been a phenomenal success in terms of its growth. countries and growing every year exponentially, we had a 5 billionth ride around the world. so what is now important to recognize and to achieve is also a culture which is sustainable.
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when we change some of the cultural values, for example the cultural value of being always cultural value of working harder, smarter, longer. working smarter and longer, we have the data to prove they are not compatible. people need time to recharge. also, you have the evidence that when people are burned out they act out. we all know from ourselves. when we are running on empty we are more reactive, less empathetic, and empathy and collaboration are essential in building teams. have: does travis kalanick a role to play beyond being a board member? arianna: he is on the board and is very active. he obviously built uber to the juggernaut that it is now. he passed the baton on. he was the one who introduced
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the new ceo when he took over, and it was a very nice transition of power. he has been amazing. ideally, with all the problems whether it is what is happening in london with the suspension of license, or the deal that is in process with softbank, he has been a great leader, confident and willing to show times,y at appropriate and very committed to building a thriving culture as well as a thriving company. emily: you mentioned the situation uber is facing in london, multiple legal probes elsewhere. to seeproach do you hope them take to regulation and the law around the world? in ana: as he said himself beautiful open letter to londoners, we need to do better at serving the communities where uber exists around the world.
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addeed to make sure that we value to communities beyond the value we are ready add in terms of mobility, in terms of jobs, which is not at all to be underestimated. we need to also be there for the people we serve, starting with drivers. the launch of 180 days of change which started with allowing tipping for drivers was intended to rebuild the relationship with drivers. emily: would you say the fractious nest we saw from the outside on the board is changing , that the board is coming together? arianna: the board is in a good place at the moment. we are now 11 and if the softbank deal goes through, new governance measures will be put into place including additional independent board members, an independent chair, all these things will really make sure that uber has a world-class governance ahead of the ipo,
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which now we are aiming will be before 2019. becamewe understand you a close confident of travis' as he went through this and the company went through this. what is your relationship like now? arianna: travis is a friend and i am excited to see his own journey. he is only 41. he has a lot of life ahead of him. i look forward to seeing what he will do. emily: we mentioned harvey weinstein earlier. there is a spotlight on sexual harassment and assault, and how men can flagrantly and horrifically abuse their power. companies still address sexual harassment and confusing ways you'd how do we put clearer guardrails around what is tolerated, what is not, and how do you cross the line? emd the cultis to of the top former.
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in siliconcult valley and hollywood and other places, where if you are delivering results, if you are delivering a great performance a lot is forgiven. the other thing that is really important is for us to break the silence, it has people say things -- see things and do not say anything. especially if whoever is involved is in a powerful position. we see that in politics also. i would love to see more republican speaking out about what is happening at the white house. breaking the silence before the few courageous people like the courageous women who came forward and the harvey weinstein case, before it has to come to that point. emily: you mentioned politics and speak about it, that our president seems to be divisive. what are your biggest concerns nine months into this
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administration? arianna: my biggest concern is that so few republicans are speaking out. it was great to see senator mccain speaking out last night. it is great to see senator corker speaking out. tois so much now up republicans, because this is not a partisan issue. it involves the safety of the country. we need republicans as well as democrats, of course, but republicans will have a lot more impact if they speak out about what is happening. andy: facebook, google, twitter are having to answer to congress about russian meddling on their platform. what is the responsibility of these companies when it comes to ,oreign actors weaponize thing essentially, the tools they create? arianna: sheryl sandberg said in an interview last week, it is very important to increase our size.
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facebook is hiring 4000 additional people and investing more in machine learning, to be able to catch first of all the creation of these fake accounts. whatever you think of free speech, nobody wants to see fake in orderbeing started to interfere in our democracy. i think there is another problem which is what we are addressing, economy did ae lot of these companies have incentive to hijack more and more of our attention, and we see that having incredible problems, especially when it comes to teenagers and college students. there was an article in the new york times over the weekend about problems among teenagers increasing dramatically. emily: we will have to leave it there. we will talk a little bit more about fries after the break. thank you for joining us. vonnie: thanks to emily chang
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and arianna huffington. leslie: brent, president of the ,orld's oldest swiss watchmaker her view on the market for luxury timepieces, coming up. ♪
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♪ this is bloomberg markets, i am vonnie quinn. shery: i am shery ahn. it is time for the bloomberg business flash. billionaire george soros has transferred nearly $18 billion of his wealth to an open society foundation, according to the wall street journal. reportedly a trade fund from open society. the move has pushed open society to the top ranks of philanthropic organizations, second only to the bill and melinda gates foundation.
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the family that controls nordstrom could not take the retailer private because lenders wanted an interest rate the family could not pay. they needed about $7 billion to fund the deal according to people familiar with the matter, interestrs ask for 13% rates, roughly twice the borrowing cost of typical retailers. that is your business flash update. vonnie: the u.s. dollar gains against the u.s. -- the mexico peso after mexico and canada reject the latest nafta proposal from the u.s. this is bloomberg. ♪
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♪ . that is a beautiful midtown manhattan this tuesday. that is where we are broadcasting from in new york. i am vonnie quinn. .herry: i am shery ahn
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let's check the averages, 23,000 time hit for the first ever in the s&p 500 slightly receipt earnings beats with johnson & johnson helping sunset of the-- helping some sector. nasdaq is marginally lower. u.s. homebuilders confidence rebounding to five-month highs. for first is time word news. here is mark crumpton. canada and mexico are rejecting u.s. proposals to change nafta. the fourth round of talks wraps up today in washington. hardlineries see demands on government permits.
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thousands more are fleeing violence and persecution in intoar and crossing bangladesh, according to the latest information from the united nations office for refugees. the u.n. says more than half a million others are living in squalid and overcrowded camps. myanmar officials have denied systematic violence against muslims. the remnants of ophelia continued to batter scotland and northern ireland, leaving the three people dead and hundreds of thousands without power in ireland. the former atlantic hurricane also disrupted public transportation because of trees knocked down on train tracks. saiduchess of cambridge their child will be due in april. they revealed they were expecting a child did not say baby. was due a brief statement released today
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by kensington palace decided -- the baby was due. a brief statement released today had no further details. they already have two children, a four-year-old and 2-year-old. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. vonnie: thank you. from canada and mexico, the projected hardline proposals by the u.s. in the first round of nafta negotiation's. initially rallying against the mexican peso and canadian dollar much ofews, giving back those games for both currencies. representatives from all three countries will speak either conference at 3:00 p.m. eastern time. joining us for latest is eric -- joshnd joshua growth when growth. was there any question that these would be rejected outright
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and what is the play? what is the canadian government see as the play? josh: there was never any question. the news would have been it eight agreed to the five-year sunset clause or blow out thei autos, andain for these are not tweaks the u.s. is seeking for what was characterized as thomas of the mexican and canadian opposition has been long signaled. i think the ball is in the u.s. courts in terms of where they want to go, will the water down their wine? we do not know because people are questioning whether the u.s. is trying to put poison pills into it so they can walk away. sherry: the mexican economy secretary said that there is life after nafta. given the backlash officials would face if they side with president trump at home, are the mexicans realizing there is little benefit to sticking with
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it at this point? there are benefits to continuing with the deal but there has been an increasing embrace or acceptance of the reality that the u.s. is in the driver seat. mexico would like to continue to deal. they have seen free trade that has been beneficial, but it is something they would not continue at all costs. they are looking at the possibilities of what impact would it have on the economy is it worth and? who is other trading partners -- if it were to end? who are the other trading partners that have been less focused on because of the dependence in reliance on the u.s.? so we are seeing trade with china negotiations, brazil, europe, and the eu. mexico is thinking outside the box where it can sell goods. vonnie: and mexico has leverage, right? it is not all the u.s. that has the leverage.
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plus, there is the need to be having the involvement of congress. that is true. mexico has said this is an integral negotiation and it would be difficult to cooperate on security or with the same kind of enthusiasm as in the past if nafta is not there. some of those security and immigration issues are appointed for mexico, as well, to stop making an effort. that is not their plan a, to weaken the bilateral relationship, overall. sherry: is the nafta trade negotiations -- if the nafta trade negotiations go through, what can canada fall back on? josh: they have a safety net, but it is like a car sitting in a barn for 30 years. you have it that you need to do a lot to get it running again. they are expecting negotiations of their own to get it running again. both have wto rules to fall back
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areith autos, so there exit path for canada, but canada and mexico have said they will not luckily from the table even though they are rejecting individual proposals. it is up to the u.s. to walk away or haggle and find common ground. vonnie: where would you find common ground on the whole idea of dairy farming and poultry and those tariffs? josh: been tpp, canada gave up kitchen of its markets. -- give up a chunk of their markets. of theentially gave 3.5% market to the tpp nation saying, do you want to cut of the market? and they turned around to subsidize dairy farmers. there are avenues to do that. to blow up their dairy aspect as the u.s. has done is off. sherry: do you expect
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negotiations out of the window now? eric: there has always been a target of the deadline, and we ajardo referring to a gold by the end of spring 2018, so mexico has always said they will let negotiation conferences determine the timeline even though that could bring uncertainty for investors. vonnie: thank you from eric, who covers the mexico economy and josh wingrove covering the canadian government. sherry: we are looking ahead to ibm's third-quarter earnings. how the cloud is paying off, next. this is bloomberg. ♪
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♪ welcome back. i am shery ahn. vonnie: i am vonnie quinn. ibm reported earnings for the third quarter and they have been betting big on its hybrid adoption an attempt to drive software and service sales. with the revenue suffering 21 straight quarters of declines, can it shake off the cold streak? joining us to discuss is bloomberg technology reporter, who covers ibm, could number 22 for the corridor be the one? >> probably not. analysts do not expect ibm to return to growth until 2019 area they had a pretty bad first half of the year, missing estimates twice in a row and gross margins continued to shrink this -- shrink. this is about incremental
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improvements at this point. sherry: how does that impact the company? jing: this is about investor patience. they had the backing of warren buffett and the buffer zone in which to prove ibm could turn is around. at this point, however, investors have gotten impatient and confidence has eroded away been made to show they can get back to growth and that is a key milestone. vonnie: this is an network based on a profit chain developed with a partner and how this, to focus -- how will this come into focus? jing: it is a long-term bet. as one see block chain of the big drivers for growth in the long term. they have more than 1000 people working on it, working with a ton of organizations and made a ton of announcements on product developments and partnerships. it will take time before we see how it unfolds. sherry: what elements or parts
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of the business can we expect to help the revenue? server andhave a new we probably will not see as much revenue bump this corridor because they just started selling in the middle of the third quarter but for the fourth be some bumpe will from the new server but that is a legacy business. that is not a long-term solution. vonnie: what will investors the hoping for today? they probably know it will be 2019 before there is a real improvement. jing: they will be looking at what ibm calls strategic imperative, cloud, analytics, updates onnd any watson, the artificial intelligence brand. any kind of growth metrics along that line is what investors want to see. sherry: software and service sales? jing: in terms of software, we are looking at the gross areas with the kind of solutions where
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most of it lies today. the big part of that is analytics. sherry: weren't there more reorganizations? jing: in terms of reorganizations, they had a big one a few years ago. in terms of business lines, they are done and they figured out where to focus and now it is execution. you forjing cao, thank joining us, with a preview of ibm earnings. it is time for our stock of the hour and the shares of harley davidson all over the map, and we will break it down with abigail doolittle. is that earnings shares higher today? abigail: they were lower in the premarket so they reversed losses and there is not really knowing what to make of this earnings b.some are saying it is not that high and they had to lower the share count, lower the tax rates and that is why they beat. also, they said we are going to
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keep the inventories to where they are expecting for the fourth quarter growth of 10%. this matters. if we look at the secular trend in the bloomberg, we see shipments for the u.s. and orange absolutely plunging, down 25% this year, so they are looking for a recovery. a piece of this secular decline for motorcycle shipments and business, apparently millennials do not like to ride motorcycles. a bigger pressure could be the fact there is a number for next year to percent. whether or not they can hit the negative comps, but today could read a short sweet and the fact they have had bearish activity but not a little bit of a beat even if it was low-quality. vonnie: any reason this might be a good point to get in it? abigail: that is a good point. at this point, it is a show me story, this is g #btv 5044, a
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big decline on the year. on today's move higher, we are around the 50 day moving average, telling us buyers are trying to take control. they are stuck in this range. if above 50, maybe there is a reason to think it climbs closer to 55 but the company has to show investors and analysts whether or not they can grow comps next year as opposed to being stuck in a decline like this year. vonnie: thank you for that stock of the hour. let's turn to the markets for luxury watches. according to the swiss watch the duration, sales are higher and mechanical watches have accelerated, even as smart watches erode demand for lower end timepieces. overall, swiss watch exports were up 4.2% in august, the latest data available. now, to tell us more, the company's oldest
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watchmaker and it dates back to 1755. what do you account for the uptick in luxury exports given that global growth is pretty stagnant and a lot of talk about the need for goosing economies and we have a lot of competitors in the market now. are havinghank you me and i will say that this company has produced watches since 1755. over 250 years of history, so good and bad times. i am president of the americas and we are seeing some healthy business. two areas that are showing great results of opening price points of steel watches, particularly sporty models. on the other end of the spectrum, we have collections that are either you need or collector pieces that are doing well.
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those pieces can run from $200,000 to $10 million at retail. sherry: you are focusing on history collection, going back to contagion pieces and reviving them. to newyou appeal customers and not just existing fans? leslie: we run the spectrum in terms of what we offer but vintage right now happens to be a hot area. one thing reduce -- one thing we do with our history collection is this is an inspiration from 1920's toces from the 1940's. currently, we are launching three new pieces, a 1942 in 1948 triple calendar with moon phase, as well as a 1921, a classic driving watch inspired writing american market. vonnie: unbelievable. you are known for complicated designs that act as a halo for
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maybe the less expensive models. is that the strategy going forward? u.s., we aree focused on two things, creating a one network approach, so whether retail stores or business partners, we want to make sure the client has a consistent experience when they look to purchase our watches. the second is appealing to more local, as well as younger clientele. vonnie: i am looking up -- you obviously sell to third party agents and stores directly. i went to websites allows me to put filters and one is price. i notice there is nothing under 10,000 plus dollars. besides that, quite a women a small part of the market? particularly -- leslie: i am glad you asked, for vacheron, they are a considerable area of the market
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and one where we will pay more attention. it does not hurt to have a woman heading up the americas. sherry: we will be looking forward to that when we go shopping next. not that we can afford it. [laughter] vonnie: i am shopping more often with you, sherry. sherry: vonnie brought up the website for vacheron -- four vacheron. you say you want to expand into digital opportunities. how this that luxury dynamic work, does it go together or does it take away from the luxury part? leslie: i believe the digital experience can be luxury and i think brands like vacheron are working on innovating. one thing we do to better communicate digitally is we launched a resource on instagram for vintage information on an historical that helps our clientele make decisions on pieces like the new history we are launching.
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vonnie: what are you wearing? leslie: the ladies overseas with a blush dial. the strap is removable, so i can quickly change it to leather or rubber. sherry: i will not ask the price, but thank you leslie kobrin. coming up, are small to big segments. how a cookbook turned into a $50 million internet business. the story, next. nikhil -- this is bloomberg. ♪
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♪ two well-known food writers went to the digital business and food52 has and it is and
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e-commerce destination for at-home products. revenue has grown in the last five years. here is the latest edition of small to big. ♪ >> our mission that food52 is to inspire people to eat obsolete and live joyfully. >> we are a comprehensive resource and that means we offer content and commerce and community tries to hold it together. >> we both come from traditional backgrounds. we were editors and writers in 2008 and two dozen nine and sought the opportunity to create a brand around kitchen and home that lived online. a went and got a book deal, $100,000 advance and used it to pay for the building of the official website. launched, ween we started with recipes. >> in 2010, we raised a few rounds of $750,000, which we
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used to invest our own e-commerce platform. about 50% of our top line revenue and add sales is the majority of the rest with the small amount being the cookbook. >> the majority of advertising is branded content and it is a key part of all of our lines of business. of brands are on the ad side and we have our own on the commerce side that pop-up and we showcase our products, which you can typically only by online. >> last year during cyber whered, we had an outage, the company that calculates our sales tax was down for over 12 hours. we had no backup. >> we decided to remove the failed tax functionality completely from the checkout so orders could go through and turned it toward vantage by making a promotion. >> we followed up with any mail
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and said to everyone, we will cover the sales tax for the rest of the weekend. when you have a community you talk with directly, it enables us to have that direct conversation with people by email by saying, we are going to turn it around to your advantage because you are that important to us. >> right now, we are touching 12 million people on a monthly basis. i unique visitor growth has been 65% over the past year. we are talking to amazon alexa about a partnership. something we talk about all the time is what does a food52 presence look like off-line? >> we are close>> to profitability and it is one of our key focus is for the next 15 months, to become a sustainable business. ♪ still ahead, president trump is set to have a joint
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close garden -- rose garden conference. we will bring you live coverage as soon as it happens. vonnie: you can catch our interviews on the bloomberg, type in the function tv . you have functionality and charts, and you can even ask a onst a question at tv your bloomberg. stay tuned. more markets ahead. the balance of power, including the live conference with the u.s. president and greek prime minister. this is bloomberg. ♪
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these plans can combine your hospital and doctor coverage, with prescription drug coverage and more, all in one plan for a low, or even no, monthly premium. so call now.lan for a low, or even no, monthly premium. so call now. we can answer your questions, even help you enroll. i deserve to get the most out of my plan. we'll make sure your doctors are all connected, you know what your copays are... and you can save on prescriptions; plan members saved an average of over 5000 dollars last year. medicare open enrollment ends december 7th. if you're done with complicated, if you're doso done... complicated, so done... call now to enroll in a plan from unitedhealthcare, like aarp medicarecomplete. [sfx: mnemonic] >> it is 1:00 in washington, i am david gura. sherry: i am shery ahn. there is a focus on the intersection of politics and the economy. here are the top stories,
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president trump is said to hold a press conference with alexis tsipras. remember you those are my as soon as they begin live. health care reform and the congressional agenda. major developments in the fourth round of nafta talks. what we're learning about canada and mexico's responses from the latest proposal what it means for this critical trade deal. we had the details, ahead. ♪ we begin with nafta as canada and mexico rejected what they saw as hard line objectives from the u.s. for more details, let's bring our roundtable. we have our white house rert


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