. bloomberg. shery: palladium is at the highest level in more than a year. leading gains today and precious metals. rising car sales has raised speculation supply will not be enough to meet demand. chinese vehicle sales gained the most in 17 months. joins us to talk about all of the movers. very interesting to see this outpacing gains. leading gains today and precious metals. even gold surging 20 plus percent. interesting relationship between gold and played him. -- palladium. a lot of time gold leaves in terms of precious complex. gold has been outpacing this year for a number of reasons. it was really a flight to quality. havenelivered the safe return. one thing you may want to look at in terms of palladium is the chinese numbers have been strong, but potentially could fall in the future. we could see the softening of demand. we have seen soft numbers that have been the work in commodities. the relationship between gold and palladium may start to soften of it. it is fascinating because andsee the big drop in oil, this hard landing in china story. you could not be more right. ther

: internal use, right? speaking of consumption and palladium futures, surging over 4% on the back of a sales,chinese auto palladium used in catalytic converters. scarlet: those are today's market minutes. get more insight into today's trading and some moves ,n the energy sector, tobias head of u.s. equity strategy for citigroup. into into a bear market, hovering in the low 40's. where is that going next? >> our commodity research team thinks that end of year, early wti,year, a low 50's on low 60's by the end of next year. relative tois soft expectations, but not seeing surge in inventories we saw a year ago, so people suggest similar to last year, probably overstating. nigeria, reduction problems not likely to be resolved. want tohappens, you take advantage of weakness in energy stocks. oillet: if you look at prices and how energy stocks outperformed, they have decoupled. if you look at it as a ratio to the broader market, they have moved in line with oil prices, so what does that mean for where these energy stocks are headed? >> oil prices go up, historically stocks also go up. people

is -- palladium futures. scarlet: you are right. ramy: you said it in the break. because palladium is used in catalytic converters. exactly, pollution control devices, top producers all over the world and your today, it's up 26%. year, second have of this it's up 17%, beating gold and silver as well as platinum. we have been talking about commodities which are down today and palladium does not escape that narrative. right now, these are all the commodities. palladium is down by about 2.5%. basically, this is the story across the board including minors like freeport mac moran and newmont, down on the lowest by about one month. matt: one of the best ways -- often times, commodity prices are traded on different markets and they are not easy to remember the codes off the top of your head. you canype in glco, find a list of commodities broken down. then you can just click on the commodity you're looking for. i click on palladium and i look at the today gip and it's down 1.5%. scarlet: this is your go to page. is a simple shortcut and is down on the single day 2.25%. tracy: thanks. matt

. low barling costs are a boon to gold. silver and palladium also rising today. copper resumed its decline on speculation chinese demand will weaken. prices fell in july to the lowest since august of 2015. shery: donald trump's economic advisory council boasts a number of billionaires. among them, fracking king harold hamm, ceo of continental resources. bloomberg businessweek profile him. david gura asked about the story. -- guest: he grew up dirt poor, started his own business at the age of 20, out on his own as a land man. , he's the 76th richest man in america, worth tens of billions of dollars, depending on what the price of oil is. he is as self-made as they come and is as responsible as anyone for the shale revolution. david: we saw oil enter a air market once again. what did he say about the low prices that affected his business? they have forced operators like continental to become more efficient and do more with less. at the same time, the finances are terrible. there's an industry loaded with debt that needed higher prices to make a profit. now that we are skirting around

music at the hollywood palladium on monday. the composer will there be to take questions. the event will include a number of interactive exhibits. you can walk through the hall of face and see the iron throne. costumes as well. the fan tasse thrill er will be coming to an end after season >>> bill leslie her with your top stories. a ruling striking down north carolina's voter id will st a federal appeals court denied a request from state leaders in north carolina to set aside the ruling while they ask the u.s. supreme court to get involved. the court had determined the 2013 law discriminated against black voter. >>> this is move-in day for shaw university freshmen. more than 600 new students are expected to the raleigh campus today which is a record. shaw had been dealing with financial issue following chains to federal student aid loan and grant programs in 2011. elizabeth and find out. >> we had some overnight. we have some that is to our west right now. just patchy little showers that may start to roll in in the next hour or two. take a look at our south hill skycam. there has be

it came from and how it can be yours. >> that is a soviet palladium coin. >> we've got jackie robinson and babe ruth cards. >> reporter: $700,000 worth of stuff sitting unclaimed in safety deposit boxes now up for auction in tampa. >> you can look around. we've got stamp collections, silver collections. >> reporter: do you know who is on the thousand dollar bill? we can show you. >> former president grove cleveland. >> reporter: from big bills to hunt for some. others know exactly what they're looking for. >> i'm looking for value. i've been studying the catalog for about a week-and-a-half. >> silver dollars. some of these have been in a fire. burned. but rings. >> reporter: apparently this ring-- >> this stone is pretty clean. >> reporter: -- is a little too small. >> i like bigger. the bigger the better. more money. more profit. >> reporter: one in five floridians have unclaimed property and it's not just physical items like these. beyond this room people have security paychecks. you can check fltreasurehunt.org to see if you have anything. >> we credit the cash to the perso

. >> consumer reporter sorbani banogee shows us where it comes from. >> a soviet palladium coin. jackie robinson and babe ruth. >> several thousands dollars of stuff sitting unclaimed in safety deposit boxes up for auction in tampa. >> you can look around. stamp collections, collections. >> reporter: do you know is on the $1,000 bill. we can show. >> you former president glover cleveland. >> reporter: from big bills to old coins, a treasure hunt for some people. others know exactly what they are looking for. >> i am looking for value. i have been studying the catalog for a week and a half. >> the silver dollar. some of these have been in a fire, burned. ring. >> reporter: a, recently this ring. >> this stone is actually cl clean. >> reporter: is a little too small. >> i like bigger. bigger the better. profit. >> reporter: one in five floridians have unclaimed property and not just physical items like these. beyond this room, security deposit. last paychecks. check fl treasure hunt.org if you have everything. >> we can't hold on to them forever and we credit the cash to a person's accoun

futures are up about .3%. palladium futures are up 1%. a stronger dollar today usually mean metals fall. looking ahead to futures, they are up in positive. matt: ramy inocencio on stocks. on stocks and currencies. scarlet: we are cross asset here at bloomberg. let's go to mark crumpton in the room -- in the newsroom. mark: stephen harper is walking away from the world politics. harbor revived the conservative party and candidate and let it to three election victories. he served as prime minister from 2006 until last year, when conservatives were defeated by justin trudeau's liberals. a person familiar with the plans is harper will resign to become a consultant. a judge in south africa has rejected a bid to appeal the murder sends a former olympian oscar pistorius. prosecutors want to lengthen his six-year sentence for killing his girlfriend. calling it shockingly inappropriately lenient. the judge said there was not a reasonable prospect another court would overturn the original sentence. vice president biden will be at the train station in wilmington, delaware that bears his name today

palladium is assigned we will see some severe inflation and they will blame the speculators and business men once it comes but government stimulus at work. charles: when it does come even if they massage the data, historically ones that inflation genie is out of the bottle it seems to gallop quickly. >> the arrogance of central planners to think they can look at the data and make decisions on behalf of hundreds of millions of americans about the right interest rate, once the data starts to show it, as government swings too far in the other direction this is wealth destruction, use our insurance companies releasing slowing growth, job cuts because of these ultralow interest rates so this is destructive, and government stimulus at work. charles: we have new fox polls showing attend point deficit for donald trump but look at this, when it comes to one of the most important issues of the election more people trust donald trump on the economy. jim manley, kirsten haglund and -- i want to ask, everyone is saying this but the notion that if donald trump were to have laserlike focus on the economy o

with platinum palladium silver, makes you wonder if this is safe flight or are we buying things because we are concerned about the global economy? and in search for yields? when you look at gold market for the last couple of -- of months, it is just quietly getting higher a big surge after the brexit, people are concerned about tr experiment in the -- i think bill gross has good point a lot of risk buying bonds with historically low yields cross of the world buying stocks earnings outlook isn't that strong, people are just throwing money in stocks because they have no place to go it has given gold quite a boost talk oil oil, of course,, last year was leading indicator that the global economy was slowing down. we saw oil boost up a little bit yesterday, on the hopes that may be the demand situation is going to continue to stay strong, we did see, oil that was lower earlier start to turn up, after the bank of england that i had that decision, to cinterest rates dollar a break from the highs, that brought the oil prices back up, today, so if you look at oil, where oil he closes off today i

seen anything fundamental or technical for the massive inflows into those metals. alix: palladium is up over 5%, thank you so much. big mover inother the market is disney making a big investment in the hopes it can save the future of espn. more details next. this is bloomberg. ♪ david: this is "bloomberg ." reported third-quarter earnings that reported some headwinds for their tv business. i spoke with bob iger yesterday after his earnings call me talked about espn and how the company was going to sustain its growth. espn, you haveat to include is a great business. it's a large business for the company and it has growth ahead of it but it's not going to grow at the rate we have been used to. david: joining me now is michael morris. as you look at these numbers yesterday, what did you take away? we always start with the media networks which is half of the company's business and it's clearly in a time of change, very dynamic industry. we start with the domestic subscriber number. whetherto understand the behaviors we are seeing in the consumer marketplace is waiting on the res