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tv   Bloomberg Markets Balance of Power  Bloomberg  October 29, 2018 12:00pm-1:01pm EDT

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world headquarters in new york, i am david westin. welcome to "balance of power" where the world of politics meets the world of business. angela merkel's surprise decision. shannon pettypiece with her report the house -- the white house is bracing to lose the house. let's start with chad in germany. the surprisegh decision. >> that was a bombshell for everyone in berlin today as well. chancellor merkel announcing she will not run again to be the party chairman for her christian democrats. they will replace her with someone at a party conference in december. she also said she will not run for reelection as chancellor when her term expires in 2021. there is already speculation she may not last that whole time
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when they have someone new to lead the party. part of it depends on who ends up running the party. there are already candidates coming forward to take over. a couple have come forward who are big merkel supporters. if they get that job, there is a chance she may hang on longer. some people have come forward who have been vocal against the chancellor. if one of them get it, it is hard to believe she will be able to hang on much longer as chancellor. david: a really big decision. we want to come back and talk to you more. right now, we go to washington for shannon pettypiece. you have a report on what the white house is expecting out of the house. shannon: the white house has all but given up on holding the house of representatives. the best case scenario would be holding it by one or two seats. staffers in the white house are preparing for what that would look like if democrats take control of the house. they're expecting a flurry of subpoenas about the white house
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for everything from the president's business to corruption and spending habits a cabinet members. a lot of white house aides are saying they don't see a desire in sticking around for this. many of them are burned out already from the perpetual crises with this white house and looking at the midterms as a logical exit ramp and not wanting to stick around for two years of what they would consider obstruction investigations from democrats. david: this white house has had a fair amount of turnover already. if it does go to the democrats and a lot of people leave, what will he need for the -- mean for this white house to effectively govern? >> the second half of the term will it different from the first. find house struggled to real talent to replace people as this administration has gone on and people left. when you look at some of the people who have gone into the white house and left, their careers have not taken off on a
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trajectory that would encourage people to go through that. there is a big concern about people going in because they could face their own subpoenas and legal jeopardy. aboutve to be concerned spending $10,000 on a lawyer. that is just on the staffing side. trying to get domestic policy through the house if controlled by democrats, they will certainly block that. there will be a battle over budgets certainly. then there is the risk of impeachment depending on what robert mueller's investigation finds because the house would have the ability to impeach. the senate would have to remove the president from office. the white house is optimistic they will hold on to the senate by a seat or two. david: actual turnover in são paulo, we are joined by our colleagues there. you have a new president in brazil. >> yeah. going to shannon's point, it was a bit of good news for trump.
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he did speak with president bolsonaro last night by phone. he tweeted congratulations this morning. he won by a 10 point margin. most investor concentration is turning to reforms and governing issues. the markets did rally earlier. now they are at lows for the day. people say when he takes over january 1, we will have to see quick work to push pension reform, find ways to form alliances in congress, and deliver on things he promised during the campaign including privatization and raising funds that way to cover debt. david: he does not take over until generally one. he can name -- he does not take over until january 1. you can name his cabinet before that. plans to drop the number of ministries to 10 from 29.
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geddes will merge some of those and run an enlarged finance ministry. we know his chief of staff will lead conversations with congress. we are waiting on things like energy. we are waiting to see if he will replace the central bank president. those are things we are watching in the next couple of weeks. toid: now we want to turn check thomas for the big story in berlin. to what angela merkel said earlier today. candidate forbe a the party leadership. this current tenure is my last as chancellor of the federal republic of germany. in 2021, i will not be a candidate for the chancellorship and not be a candidate to get a seat in parliament and actually not continue in the political arena at all. i am, however, willing to
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continue as chancellor at the current time. david: chad, the triggering event worthy disappointing on the heels of one where the sister party did not do well at all. and she remain as chancellor for her term? >> this is the million dollar question. what we also need to think about briefly is the social democrats are her junior coalition partner. they did terrible in these last two elections in bavaria. there is a lot of discussion whether the social democrats are going to stay in this coalition with merkel given their poor performance. they were asked about that today. the question is, who is going to end up leading the party? if someone takes over the party who pulls further to the right, merkel is considered a centrist
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in germany, there is the possibility the social democrats will say we cannot govern with this person. this is not who we signed up to work with. they could potentially pull out of the coalition. that would potentially set up new elections in germany. there is a real question. not only does merkel survive as chancellor, but does the coalition cobbled together seven months ago is able to survive and serve out the term that is supposed to last until 2021? david: give us a sense of a timetable. it took angela merkel a long time to get this coalition put together. are we talking about months of indecision? >> in terms of the party leadership, that decision will be made in early december. they have that conference already set up. i number of people have come forward to run for that. is it plays out from there
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anyone's guess. challenge potentially merkel for the chancellorship. the social democrats could decide to pull out of the coalition at any time. unless you get someone in as party leader who is strongly supported and able to get the social democrats behind them, we may be looking at months of uncertainty in germany with this governing coalition. david: thank you so much for reporting from berlin, chad thomas. let's check on the markets. for that, we turn to him at chandra. >> the rally in u.s. equities is losing steam. of major indexes at the lows the session. s&p 500 up around .6%. the nasdaq barely up at all. the rally in tech trading as amazon tanks. diversion reflect a
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opinion of what we are seeing today in terms of the rally last week. we have morgan stanley saying there is further downside left. goldman sachs came out saying this could be a chance to buy. i think the market is still figuring out which side of the coin it is choosing when it comes to the. we are seeing the 10-year slumping but the yield rising two basis points. that is feeling a rally in financials. take a look at the banks. they are doing pretty well. j.p. morgan up 2.7%. all of them up over 2%. citigroup trailing a little bit. financials the best-performing sector on the s&p 500 today and by some margin. even though wely may be seeing it fizzle, s&p 500 valuations at the lowest since 2016 trading at just over 16 times estimates.
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that could be a silver lining for anyone who thinks this is a buying opportunity. it has been a month to forget for u.s. and global stocks. we should have the major averages over a monthly basis. they are all down. the nasdaq down the most, still in correction territory. david: that monthly number is sobering. thanks. coming up, more on regime change in brazil. what will the new president mean for latin america? live from new york, this is bloomberg. ♪
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♪ david: this is "balance of power" on bloomberg television. i am david westin. we are going to turn to mark crumpton for first word news. mark: a makeshift memorial is
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growing outside a synagogue were 11 people were killed saturday in pittsburgh. there is a white star of david for each person killed with her name inscribed. mourners have also been laying flowers. police say robert bowers opened fire with an ar-15 rifle and other weapons during worship services inside the tree of life synagogue, killing eight men and three women before police tracked him down and shot him. he arrived at the courthouse ahead of an appearance before the judge this afternoon. the leaders of the pittsburgh affiliate of the national jewish organization want president trump to denounce white nationalism. an open letter has collected more than 16,000 signatures since saturday's mass shooting. the organization says the president will not be welcome in the pittsburgh area until he stops inciting violence against minorities. another suspicious package has been mailed to cnn.
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the network president says the package was intercepted today in an atlanta post office. been delivered off-site since last week. one of the boxes was mailed to cnn offices in new york. an official hearing is set for this afternoon for cesar sayoc who faces five federal charges. a boeing 737 operated by has crashedlion air with 189 people on board. first accident's and potentially the worst aviation disaster in three years. the plane lost contact 13 minutes after taking off from the capital of jakarta. an oil slick is visible in the a believed to be from the downed aircraft. officials do not expect to find any survivors. global news 24 hours a day
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00wered by more than 27 journalists and analysts. david: thanks very much. a swing to the right for brazil. jarrod polson arrow -- bolsonaro won the election. after a divisive campaign, he promised to bring the country together. for more, we welcome eric farnsworth, vice president of the council for the americas who joins us from washington. it is early going. what do you expect from a bolsonaro presidency? >> the brazilian people clearly voted for change. bolsonaro will bring change. the kind of change we are not sure. he has promised a full-scale attack on corruption and crime out of control in major urban areas. he has promised to rejuvenate
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the economy through economic reforms. the benign view of what he will facell take that at firs value. a lot of of servers are questioning if you will be able to do that in a democratic manner and in a way that unites brazil's polarized society. hasd: there are things he said that would be pro economy. what is more important to the brazilian people and mr. bolsonaro? >> it appears the law and order aspect is more important to the brazilian people. brazilians are sick of the deteriorating situation in some of the country. law and order is right at the top. one of the proposals he brought to the table is to liberalize the sale of personal weapons so people can defend themselves. that is conjured getting to his
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support among a segment of the population. developed ands another one which is three major legs of his supporters. bullets being law and order and people who support a stronger hand against crime. david: what does he need the legislature to do to get his policies through? that legislature is deeply divided. there are lots of parties represented. his own party has gone up substantially but is still only 10%. >> under the best of circumstances, result has a fractious legislature. that is the nature of the system. there are as many as 30 individual parties. some of those exist for no other reason than to sell their vote to the highest bidder and contribute to coalitions based on what they can get out of it. in order to pass the reforms to rejuvenate the economy, he needs 2/3 congressional support.
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that will require a lot of horse trading, a lot of political instincts some people are not sure the president-elect has at this point. the problem is some of these reforms have been outstanding for a long time. even presidents previously have not been able to push them forward, even those who have been popular. things that pension reform, infrastructure, energy reforms. these are politically sensitive. they require a national consensus behind them. if you have a fractious legislature and a president using incendiary language, one questions how this will happen going forward. that is something we will have to watch closely. caravan weexico, the , where is it now and what is the mexican government doing about it, if anything? >> it is in mexico.
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it ebbs and flows based on how many people join or return to their home countries. the mexican government is in a dilemma because it has now going government that is lame-duck. it goes out of office december 1. the new government has not come into power yet. there is a question about how much authority or sustainability can be done in terms of anything the mexican government decides to do. a couple of things they are trying to do initially. one is to tighten border security with guatemala where the migrants are coming through. they are also working with the trump administration trying to take asylum requests in mexico. if that happens, the migrants can remain in mexico. they don't have to push on to the united states. these are complicated issues even in the best of times. we are dealing with human beings trying to escape respite
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situations in central america. i don't think there are any easy answers. i hope the mexican governments are cooperating not just with themselves that also with the united states and we can try to get some politics out of this and focus on the humanitarian dimension and what needs to change in central america to make sure this stops happening. david: president trump has said he has a solution, which is to cut off aid to these countries. they've already trimmed back substantially. the request this year is 36% lower than before. what effect will that have if it goes through? >> i think it will have a negative impact. people are leaving their countries because they do not have good jobs. there are gangs and people causing them to have an insecure community life. they are in a desperate condition. cutting aid i don't think will help that. it focuses the minds of the governments, suggesting the governments have to work harder
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to improve conditions in their own country. i think that is probably a net positive. but they cannot do it with the resources they have. they need help from the international community. this has to be a cooperative effort. i think more along the lines of trying to figure out how we can work together rather than threatening to cut each other off at the knees. i think that is a better approach going forward. david: thank you, eric farnsworth. hammond isphilip laying out the government's budget. he says the u.k. will introduce a digital services tax saying digital services pose a challenge for the tax system. live from new york, this is bloomberg. ♪
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♪ david: you are watching "balance of power." i am david westin.
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time for the stock of the hour. we are looking at g.m. is getting a boost on news china may be making plans to jumpstart car demand. emma chandra is here with more. chandra is here with more. this is off of bloomberg reporting. emma: the bloomberg scoop found china is considering cutting its tax on cars in half. that would affect 70% of cars sold in china. and alsoeen g.m. rally auto parts makers. yet it is to jumpstart flagging sales in china. china accounts for 40% of all global sales. u.s. names have invested heavily there. they're are starting to see flagging demand in china impact. responsibled it was for fizzling sales and lower
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profit. g.m. reports later this week. european counterparts had also flagged the impact of the trade war. david: not all automakers are created equal, especially in china. buick is the fourth biggest car brand in china. they sell 5.5 times more buicks in china than in the u.s.. david: do you know why? emma: i don't. popular there. it is one of the most exposed of the global carmakers to china. we should temper this g.m. along with the rest of the u.s. auto market. it is still in a bear market. the hope is the stimulus in china could fuel demand and help the stock. a couple of analysts coming out saying this is good news.
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ever core saying it could fuel a year-end rally. david: the suppliers all over the world. emma: figure was up around 6% in the the session. a number of carmaker stocks doing better than the automakers. david: thank you so much, emma chandra with news of g.m. we are minutes from the close of trading in europe on a day when angela merkel announced she would step aside as party leader. the dax is up. it has been up on the news of angela merkel leaving. if you have a bloomberg terminal, check out tv . interact with us directly. live from new york, this is bloomberg. ♪
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"activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. ♪ >> from london, i am guy johnson. 30 seconds until european stocks close this monday morning. most european markets finishing
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the day in positive territory. there are some caveats. we will cover those in a moment. around 10 seconds to go. the dax trading up by 1.26%. fallouterkel, political from the countdown to the end of her chancellorship appears to be muted. the dax was hire earlier. reason the doxes outperforming today is this. european stocks having a solid day on the back of the news the chinese may be looking to change the sales tax on cars in china. what is interesting is the supply chain has done better. supply chain has been beaten up of late. let's give you an idea of the names we have been focusing on in europe. trading up by .869%.
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the revenue story out of hsbc has been strong today. analysts appear to be focusing on a. the top line has done well. the same not true in spain. one of the big banks trading down which will confuse things for the spanish government looking to exit the institution. i mentioned angela merkel. let's look at where the euro is trading around the european close. plot today. not much reaction to the merkel news. flat today. the markets trying to understand what the news means. the euro/dollar pretty flat throughout most of the european session. the caveat i mentioned is this. european stocks are trading higher today but on lower than average volume. you can find is on your bloomberg. these are the averages. we are below the averages in terms of where we have been
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trading. the white line is where we have been trading in volume today. it is below the blue line. up day but on lower than average volume. and that is a look at the european markets. david: thanks very much. for bloomberg first word news, we turn to mark crumpton. mark: president trump is escalating his threats against the migrant caravan traveling to the u.s. border. on twitter today, the president said the caravan is an invasion of our country and our military is waiting for you. he reiterated no one will be admitted into the united states unless they go through the legal process. the pentagon last week approved the request for additional troops at the southern border. the white house is weighing additional border security measures. as guy johnson was telling us, german chancellor angela merkel has announced she will not seek reelection to that office when her term ends in 2021. at a press conference today, the
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chancellor said she will step aside as the head of the christian democratic union, the party she has led since 2000. her replacement could become its next candidate for chancellor. brazil's new president-elect has promised to help heal his country's ailing economy. jair bolsonaro captured more than 55% of the vote in sunday's runoff. he says his administration will help spur private investment in brazil and strengthen ties with the u.s. >> our government will break the paradigm. we will trust in people. we will cut down bureaucracy, simplify things, and allow people and entrepreneurs to have more freedom to build the future. we will unite brazil. mark: bolsonaro has also promised to crack down on violent crime. brazil has suffered more than 60,000 murders last year alone. while president trump sees a possible path to victory for the
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g.o.p. in the midterms, some are resigned to losing control of the house. bloomberg obtained an internal memo showing the white house is laying the groundwork to shift blame away from the president. arememo argues republicans faced with a wave of income it retirements and strong fundraising by democratic challengers. we will take a closer look at the story in a moment. global news 24 hours a day on air and on twitter powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. david: thanks so much. .oday, we look at voter turnout groups notorious is the younger voters. a new poll today says it might
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be different this time around. here to take us through it is the polling director. give us a sense of what you found. 18 to 29-year-olds you polled. what did you find? >> the good news is we think this will be the midterm year when we see a record-breaking event. to give you some perspective, young people have not voted at more than 21% for a couple of generations, since 1986. it is not just a millennial problem. it has been a gen x and baby boomer problem. i think it will change this year. that is the good news. the bad news is what is driving them to the polls is more fear than hope about the future of america and a bunch of trauma they've had to burden themselves
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with, whether it is coming out of the great recession or school shootings and other violent activities. david: 65% fearful as opposed to hopeful, which is disturbing. what kind of drop off is there between people saying i will definitely vote and going to the polls and voting? >> there is a drop-off. good news from our perspective is the drop-off has been consistent between eight and 10 points over the last couple of cycles. the wave election of gravity party to power, 27% indicated they would vote and 20% voted. in 2014, 26 percent said they would vote and 16% voted. today, 40% say they will vote. even if you discount this by 10 or 15 points, we are still at a 50% higher number than four
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years ago. david: given the high dissatisfaction numbers, does that tell us which way they are likely to vote? >> democrats are more enthusiastic. but republicans are quickly catching up. republicans are seven points more likely to participate in this election than they were six months ago. the poll was conducted on the back end of the kavanaugh hearings. young people are more likely to vote. they prefer democrat control of congress. the margin has shrunk by seven points. the democrats compared to republicans strongly preferred. david: you asked about the kind of economic system they prefer. we have the president warning us about socialism. how do they feel about socialism? bernie sanders says he is a socialist. >> i would say they are all a part -- à la cart socialists.
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the majority reject traditional capitalism and socialism, particularly the way capitalism is being practiced today. they approve of the concept but disapprove of the practice. we asked about several different agenda items that would normally be alive -- aligned with the democrat socialist movement. over 60% of likely voters support single-payer health care, free college ala bernie sanders. the surprise for us, the first time we asked it, federal guaranteed work with a minimum wage of $15 with benefits over 50% with 35% of republicans agreeing. david: dramatic uptick compared to other midterm elections among the young people. what about the older demographics? maybe they have moved up similarly. >> excellent point. they will certainly move up.
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i think there is more room for young people to move up. we need to look at the share of votes. 15% typically for 18 to 29-year-old demographic. 10% in a midterm year. for every three points, it improves 1%. i think creeping up to 15%. this looks more like a presidential year than midterm year. david: fascinating. we will know eight days from now. thanks to john della volpe. coming up, president trump is putting on a big push on the campaign trail. what is the view from the white house? thanks to john della volpe. we talked to a former special assistant to president trump. that is coming up next. this is bloomberg. ♪
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♪ david: you are watching "balance of power." i'm david westin. eight days away from the midterm elections, president trump is planning on holding no less than 11 rallies across the country to rally his base. for the most part, all of them are places where democrats are likely to take seats republicans in the house leading amy walter to say his strategy is very smart and implicitly concedes the house will go blue next tuesday. welcome a veteran of campaigns, marc lotter. as press secretary to vice president mike pence. a memory of the trump 2020 advisory board. he joins us from washington. what do you say to amy walters?
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this gives you where the president is visiting. it is strategic. he is fighting for the senate and has given up on the house? >> i don't think so. there is a big focus on the senate and on key governor's races. that is why you see the president going to georgia and florida. in addition to the senate race in florida, we have important governor's races there. the president is hitting two or three places a day. he is focusing extensively on the house races in addition to helping senate candidates when they overlap. david: you have been very close to vice president pence. you were his press secretary. it does appear on the outside they are strategically deploying too many of the tougher district to campaign in. president trump going to the ones they are pretty sure they will win. e is president penc going to the tough ones. is goingresident pence
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to the smaller ones where you can get in and out more quickly. he did three stops in one day. three stops in florida later in the week. today, he is in michigan. he's going to alabama later this week. he will focus on the race is where we think his appearance can rally the troops and help move the house races forward. he is also very much focused on the senate as is the president. if you look at the average, it protects -- projects the republicans will gain three seats in the senate. and there are still two or three races very close that could flip to republicans between now and election day. david: it feels like the senate may be moving toward the republicans. do you see movement on the house side one way or the other? from my experience, often the direction it is moving is as important as where you started out. >> i think it is moving in republicans' direction.
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it is a heavy lift right now because of retirements and the way some districts are organized. it is one to be tough. i think it will be very close in terms of who holds the majority. right now, i think it will be less than five seats either direction on who controls the house. it will be that close. like the president and vice president are saying, republicans can control this to a certain consent. if a republican does not vote, you might as well be giving your vote to nancy pelosi and maxine waters. that is how close this boat will be. david: there are surrounding circumstances voters have to take into account. tragically, we have had the person who mailed bombs to prominent democrats but also the murder of 11 people at a synagogue outside pittsburgh. there has been some question about whether the level of rhetoric has contributed to that. you had mike pence say yesterday people on both sides of the isle
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use strong language about our political differences but i don't the you can connect it to acts of violence. if it is not a cause, are they doing anything to help it? >> obviously, we have passionate and heated debates in politics. as a history, we settled those at the ballot box. we have had teetered individuals arrested for doing -- we have had two individuals arrested for doing outright evil acts. on eitherno rhetoric side encouraging these things. really partisan wishful thinking that they can assign blame to a politician on either side for these kinds of despicable acts. there is a level of personal responsibility. the person or people who did these things are the ones responsible for it. david: absolutely. i would never say someone is to blame other than the people perpetuating -- perpetrating the
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evil acts. historically, we have looked to our president to make things better. when we look at the situation in pittsburgh, this individual through social media said there are all these people coming into our country who will attack us and i have to defend our people. that sounds similar to things present trump has said with respect to immigration. do you see some similarity? >> no, this person was obviously filled with anti-semitic views and hatred. that is what caused him to act out as far as we know now. there is a difference between the immigration debate and wanting to make sure we have control over our borders and someone seeking to inflict pain and death based on religious beliefs. it is something the president and vice president have condemned. i think there is a distinct difference between talking about immigration and protecting the sovereign borders of our nation
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from people here seeking to enter illegally and those seeking to inflict pain and death in any part of the world over religious purposes. very different. i think there is not an equivalency. david: take a step back from the whole thing. let's focus on the house. after it is over, what do you think the main issues will be the voters vote on? is there a pattern across the country or is it idiosyncratic? >> a lot of it will be demographic in terms of how the maps are drawn in terms of what districts and people get their base to the polls. the president, vice president, republican national committee are working to make sure republicans know how important this election is and why their key.is key -- vote is so we have seen changing policy preferences. a month ago, it was all about health care. now it is focused on immigration .
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it is always a changing dynamic. it will be who gets their voters to the polls election day. david: thank you so much. always great to have you on for your insights. marc lotter, former special assistant to the president and currently a member of the trump 2020 advisory board. it is not just federal offices that can make a difference next tuesday. there are 36 governorships and state leaders of for grabs as well. we take a look at the state races next. this is bloomberg. ♪
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♪ david: this is "balance of power" on bloomberg television. i'm david westin. we often focus on the battle for congress next tuesday, but there are 36 governors up for election
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and more than 6000 state lawmakers. with the 2020 census looming and all the potential redistricting, which party holds state offices could make a big difference in the political climate for years to come. amanda albright has written a piece for the bloomberg she is here to take us through. fascinating piece. we will put up a few graphics out of your piece. we've taken what the country looked like in terms of state legislatures in 2010 and now. it has gotten a lot redder in more states. >> it is remarkable. republicans have focused on state legislatures. they have been focused on these races since after obama was elected. 2010 was a wave year. it has led to them having an advantage going into the 2018 midterms. of they do face the prospect losing some chambers they have built majorities in. david: a similar story with respect to governorships. a lot more republican governorships. what is the prospect of democrats taking some back? >> this is a really important
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year for governors races and state legislative races. the government is elected this year will go on to have power over vetoing redistricting maps which makes them really important. if you look at the governorships on the ballot this year, 10 of the seats held by republicans n is important because republicans face the prospect of losing the influence they have had. david: it has been said the democrats are asleep at the switch when it comes to governorships in state legislatures. is that corrected this time? does the democrat party realize how important this could be? >> absolutely. political scientists have said democrats are waking up to this. you are seeing this year because groups are popping up and eric holder is chairing a group focused on redistricting and taking back some of the redistricting power the republican party has.
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democratic groups are stepping up their spending. they are trying to use the playbook republicans have had the past few years. republican groups would tell you they know how to do this better and they are seeing their base riled up as democrats. they see they had the advantage this year. david: to go back to why this may be particularly important, we have a census in 2020. could this affect redistricting? >> absolutely. ballotcandidates on the in state races will go on to have redistricting power. in michigan, the entire senate will be in power when redistricting starts so the could seehigan senate major shifts in power that could have implications for years to come. david: fascinating. do we have the since democrats
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are putting money against this? >> absolutely. they are increasing spending by 20% to $50 million. the republican group that focuses on the same issue is also upping spending and spending about $50 million. david: always about the money. terrific piece. that is amanda albright from bloomberg. it has been a long 10 days of violence, heavy rhetoric, and finger-pointing. it is only fitting we start this week with something more uplifting. it comes from a source that reminds us of a different time, a political ad that does not mention any candidate, party, or president. it is a new ad from the mccain institute encouraging all americans to avoid -- to vote. it is our video of the week. >> we cannot give up on ourselves and each other. we stand for truth against falsehood, freedom against tyranny, hope against despair.
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i believe we must always stand up. for if we do not, who will? >> ♪ like you to sign up for the "balance of power" newsletter to get the latest on global politics in your inbox every single day. coming up, we will be following the markets. you can see from the majors we are up on the dow jones and s&p but the nasdaq has trailed off. stocks are not up as far as they were a bit ago. live from new york, this is bloomberg. ♪
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mark: i am mark crumpton with news.erg's first word the suspect in saturday's mass shooting at a pittsburgh synagogue is doing court at this hour -- do ad court at this
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hour. officials say he killed 11 people and wounded six others, including four police officers before being shot by police. authorities say he expressed hatred toward jews during the rampage and in later comments to officials. top saudi and an turkish prosecutors met in istanbul to discuss the investigation into the killing of saudi journalist jamal khashoggi. it was a show of cooperation despite differences over which country should try the 18 suspects detained in saudi arabia. hitey alleges a 15 member squad from saudi arabia travel to istanbul to kill him. saudi officials characterize the killing as a rogue operation, carried out by agents who overstepped their authority. the wife and some of the deceased owner of leister city have said a foreign tribute outside the stadium. fans have left hundreds

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