what we understand from reuters is the president is not incapacitated. he is still working from the residence, alongside mike pence working in his residence separately as well. i think i've only wants this morning talked about the estimates in the bloomberg survey, so here they are. , 859,000 -- i to 8:30, to,000 expected -- ahead 8:30, eight hundred 59,000 expected. four minutes and about 15 seconds away. after those numbers drop, michael gets through them. then we hear from jeff rosenberg of blackrock. on this payrolls friday, this is "bloomberg surveillance." ♪ jonathan: this is "bloomberg surveillance" live with your top number breaking any second. the data just awaiting drop. they do this all virtually now on the web, so the numbers have not dropped. tom: it is so different than it used to be. >> total payroll employment up by 661,000. it is about 200,000 lower than the estimate. the final estimate was 859,000. the unemployment rate doesn't drop to 7.9% from 8.4 percent. that is even more than forecast. we were expecting a drop to 8.2% for the mon

we broke the story that they are looking -- this was reuters -- they are looking a little more when it comes to renminbi. i did spend a good of time looking this up, on sunday, china clearly said it was trying to push to have a bigger international -- this means more pboc report. reutersst report from we broke saying that china will remove a countercyclical factor in the yuan bay point in that direct and -- may point in that direction. halt, shelf will its plan to let hedge cut -- to let hedge funds conceal stock holding. that is a big decision. that is just breaking. thatll have to see where leads this morning. futures up six. dow futures up 20. we will do the data check in a moment. but now, first world news with ritika gupta. ritika: amy coney barrett has been sworn in as a justice of the supreme court. boothsst of two required administered. every republican but one voted in favor. chief justice john roberts will administer the second oath today. surge has coronavirus reached the oldest populations. according to the cdc, counties with the largest 65 and older populations now have an

the latest information about the blacklisting is coming from reuters. shery: that was stephen engle, joining us from hong kong. let's get the quickest check from the latest "business flash" headlines. as the world's biggest car market becomes more more a source of income, it is recruiting in major cities. tesla and its approach and u.s. with its communication team has largely been disbanded. in new yorkords thanks to a vote of confidence on wall street. 20% of the market by 2025. -- data shows a 60% for new vehicle owners. up next, what will the u.s.-china look like under the next president? we dig into that with hal brands . this is bloomberg. ♪ paul: you are watching "daybreak: australia." we have been hearing from the with a bank of austria, speech being given about the recovery of an uneven recession. he's been saying that the effect on the household income in australia has been following -- has been following. he is reiterated that there is not going to be any great hikes years,tria release three until inflation gets and that target range, at lea

reuters reporting the state department wants to add another to its trading blacklist. the report says it is not immediately clear when a decision will be made, in fact, it will likely happen before the fintech company does go public. ford will fail to meet european limits on greenhouse gas emissions this year. it is falling short because of a hybrid suvs.et his fleet tong meet regulations. that is your bloomberg business flash. francine? leigh-ann, thanks. treasury secretary steve mnuchin is blaming politics for undermining negotiations. the white house blames democrats, but democrats have hit back, saying the administration did not take the need for more stimulus seriously enough. joining us this morning as maya bhandari, portfolio manager at lumbee a needle. maya, thank you so much for coming on. there is a lot going on -- resurgence of covid cases, stimulus in the u.s. not coming. what will drive markets in the next couple of weeks? maya: good morning, francine. thereou are quite right are several risk events on the activity -- on the horizon, the second round of co

that latter part according to reuters. let's take a look at where we cortez.th michelle troubling news that the volunteer has died, do we know anything more about whether this is directly related to the vaccine or it could have been an unfortunate coincidence? >> we don't know yet whether the volunteer actually died as a result of getting the vaccine. we are thinking it does not look like that is the case and the clinical trial has resumed in many countries across europe and the u.s.. in the u.s., we are still on hold with that particular trial. that is a much more significant event than just a complication which can happen anyway. people in clinical trials are entirely healthy and they are getting a vaccine in order to ward off some kind of harm in the future. it's very bad news any time see that. vonnie: many companies are trying to figure out vaccines and therapeutics. expectedngs are to be and it only becomes a problem if the whole trial is stopped for some reason? >> when it comes to vaccines and therapeutics in gener

there was also a survey conducted by reuters taken afterwards. it showed nine out of 10 democrats and half of republicans said trump could have avoided getting sick and he isn't getting sympathy boost. if you look at that clear politics betting odds, the probability of joe biden winning is up to 61%. francine? francine: thank you so much. get to the deputy director of the berlin office center of the marshall's fund of the united states. thank you for joining bloomberg surveillance this morning. it's been quite a weekend. it's been difficult to ascertain the exact health of the president of the united states. if you like we have a white house that's more transparent? do we know how sick or have not sick the president is? guest: good morning, francine. this is the storyline of the trump presidency. what does one believe? this white house is known to put out misinformation. in fact, cornell university put out a study saying president trump is a large source of disinformation during this pandemic. it's hard to say. we've seen videos of the president.

. ♪ emily: we knew airbnb planned to go public later this year and out the reuters report puts that date in the month of december, but with the market volatile after the president's diagnosis and a big election happening, it is unclear how long the ideal window to go public will stay open. for more on one awaits new companies coming to the market, ernst & young. jackie, great to have you back on the show. is airbnb waiting until december a good idea given all the things that have to happen between now and then? jackie: these markets have been quite turbulent, but i will say ipo bound companies are very resilient. techve a huge backlog of companies in particular looking to list over the next six months. had a number of companies come out of the gate. big ipo's, lots of big pop, sometimes maybe too big. do you think that markets will keep up for them? just evenu know, looking at 2019, tech ipos were up 100%. that foundation really got us started this year. despite the fact that we've had all the different, sort of obstacles in our way, tech companies and the markets in general, our clients

you look at the reuters if so's psos poll,uters i where he is up five percentage points, just outside the margin of error. speaking of pennsylvania, the supreme court failing to take up a case yesterday, even with judge amy coney barrett on the bench, failing to take up a case yesterday that said they will not touch what republicans want in the state, which is to be able to counterbalance if they are mailed in after election day. that is crucial in the uncertainty coming into next week. lisa: that is exact lay where i was going to go, this supreme court ruling. it kind of goes counter to what the ruling seems to suggest in wisconsin. how big of a deal is this? basically, they will accept and count absentee ballots the day after the election. kevin: it is massive in terms of the volatility, especially if you are an investor and trying to figure out exact when we could have a result. as a result of this case, they will continue to counterbalance. if there is a razor thin margin as you just correctly pointed out in a state like wisconsin, all eyes will be on wisconsin. the media cycle, t

reuters reporting that wells that asset management is on the block. only because of scale. are we going to end up with one big industry roll up? sonja: there is plenty in the industry that has not been underweight. it is clearly something that the industry has looked at for quite some time, and last year we had a number of emergencies. it is a realization that with the increasing cross pressure, the transparency, the way demand has changed, he requires that the industry reply dramatically. scale is not everything, but clearly it will help to deal with the cross pressures. the approach to jaded -- to data, the reintegrated, the spending requirement for the industry to meet those demands. i think we have to be realistic as well. it is not like the industry has changed over the last 50 years or so. there is a real kind of catch up and really evasion with the changing environment. expect that this is the end, but we are probably just at the beginning of a changing landscape for the international industry. at legal and work general, how important will equity product innovation b

reuters reporting that the prime minister is about to say get ready for an australia style brexit deal. when i say australia, think something closer to no deal. when i say canada, think something closer to a free-trade agreement. if the prime minister frustrated with the eu? october 15 was meant to be a deadline. mr. prime minister trying to ramp things up to get concessions from the other side, something he has failed to do in the last month. tom: and there is the norway deal. an australian deal is a much more distant deal, a much more traditional agreement. the love and affection of a canada deal where you respect the agricultural projects of a certain region, it seems like the love and kisses are going out of the air this morning. jonathan: i couldn't have put it any better myself. tom: did i do ok? [laughter] jonathan: i am real proud. tom: i thought he was going to come out on a speech on the premier league, that they need to have respect for the champions league, all owned by greedy americans. jonathan: maybe we will get a little more on that a little bit later. i think the prime

i think it was a reuters report talking about the fact that we hadn't made any progress in the brexit talks. then we got the legal action and the fact that there was a landing zone, particularly on state aid, and that fishing was the only area that we didn't have a deal done. subsequent to that, we start to see the pound rolling over again. we did see commodities generally do well last month. crude down, burned trading just north of $40 -- brent trading just north of $40. alix: nancy pelosi is having a press conference, saying she is talking about how to go forward on really else. she is still ash really ills -- on relief bills. she is still hopeful, going against the report that she was skeptical. euro still trading up 0.3%. u.s.is politics in the the european union is starting legal proceedings against the u.k. the move was announced by european commission president ursula von der leyen urszula -- by european commission president ursula von der leyen earlier today. >> the provisions have not been removed. therefore, this morning the commission has decided to send a letter of formal

shares of water utilities fell today according to reuters. a fridge court has ruled in favor of trade unions looking to block the sale -- a french court has ruled in favor of trade unions looking to block the sale of suez falls. most american choppers say they this holiday malls season. just 45% of consumers plan to go to the mall in november and december, down from 64% a year ago. it is just another blow to malls already reeling from the pandemic. that is your latest business flash. guy: thank you very much, ritika. touch. down a other european markets up by around 0.6%, 0.7%. nancy pelosi indicating that she hopes to have a stimulus agreement soon. the ping-pong continues. the european close is next. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your conne

. >> our first question comes from reuters. please go ahead with your question. >> thanks for having the call. here's a quick, two-part question. did the government engage in any settlement talks with google ahead of this lawsuit filing? and in terms of structural remedies, can you be more specific as to what specific changes you are seeking as part of this complaint? partth regard to the first , it is the department standard practice to meet with any target of an antitrust investigation and discuss the conduct and the concerns related to the marketplace and what steps can be taken to address that. we can't disclose the specific content of any conversations, so all i can really say is the upshot is what you see today. ryan, do you want to take a line on that at all? >> no, that's correct. >> ok. on the second part of the question about relief, not sure if i heard it right. can you just repeat the question? can't.he what remedies? alex, i think i am going to let you address that in terms of what complaints are addressed there. >

wells fargo is exploring a sale of its asset management unit, according to reuters. this could actually touch more than $3 billion. as wells fargo deals with sales practices scandals and they are targeting a $10 billion savings and the long-term. let's return to politics. this is a chance for president trump to regain lost ground. according to our next guest, henrietta treyz. it is great to happy with us. given that about 41 million voted, who already is the president going to try to convince at this point? kenny pulled off? henrietta: that is the right way to frame it. about one third of the people who voted in 2016 have already voted early. there's still quite a bit of voting left until actual election day. the question now is how can the president correct for the massive disparities that we are seeing in the early vote turnout. the two demographics that i am worried are the female voters and the urban voters. for female voters, we are down 16 points nationwide. battlegrounds states, theme of voters are voting 10 points more than men. your concern for the present,

reuters is reporting that the state department is now getting involved because the trump administration has been looking at the right avenue on which to ontrict and and we chat pay national security grounds. now throughtwice the district court system on we chat and tiktok. reutersear according to that the state department is considering adding aunt to its entity list, which would basically be a blacklist. the chinese government, the foreign ministry spokesperson already has likened this to economic bullying from the united states. we have to see how this one plays out before the election. looming,deadline is not on tiktok -- there is no deadline on this one. even i'm getting confused on some of these actions. but this one pretty much is up in the air right now. we have to confirm whether the state department goes after aunt by adding it to the entity list ahead of that big ipo. david: yeah, don't worry about it, steve. it is not just you that is confused. engle, our north asia correspondent there. ine news coming out of china terms of passenger volume. year,bout 12.5% year on roughly 25

reuters is reporting that regulators in the u.s. have widened an investigation into the event that led into a halt of the trials. bell, j.p. morgan asset strategists still with us. there is a mixed sentiment when it comes to vaccine news for the overnight. the vaccine would be a game changer. i wonder what it is about the vaccine process that would be a game changer. what is it that you are waiting for? what with the red headline across the bloomberg have to say for you to take your current positioning and turn it into a risk-on vaccine-related strategy ? mike: i think if we get news, for example, out of the oxford vaccine trials out of the u.k. that the vaccine has a pretty high effectiveness, in other words, it does a good job of making sure that the vast majority of people who are vaccinated don't go on to either end up in hospital or die from the disease, then that would clearly be a significant positive. almost certain to be a time lag in terms of rolling it out around the world, and the approval processes might take longer in

phase one, and according to reuters, china has implemented the 71% of the target of purchasing american agricultural products. 50 of the 57 commitments have been implemented by china. even though there is some kind of political rhetoric against china, in terms of trade, that has been going on on a relatively stable basis. china has been fulfilling its promises in the commitment. theink that is the line business community can expect in the coming years. so whatever happens, it is china's position to develop a healthy relationship. if there are any differences that can be managed through talks, negotiations, as we have is the currentt situation as i see us. , it was great having you on. thank you for your insight. let's get a quick check of some apple suppliers across asia. they are mostly japan, korea, and taiwan. we are seeing broad downside pressure when it comes to the japanese mains. sony down more than 1%. the chip supplied down a quarter of a percent. we have seen apple reporting quarterly results on top of wall street estimates. record sales of maxon services, but when it came to

. ♪ yvonne: a check of the headlines, reuters is reporting airbnb plans to launch an ipo december, with the aim of raising $3 billion. the app is said to be ready to file for listing in november after the u.s. election and despite the effect the coronavirus is having on the travel and hospitality industry. airbnb filed initial ipo paperwork in august. it has been valued as high as $30 billion. the indian commodities conglomerate, tumbling profit as the lockdown hit demand. slumped 23 .5% to 14 $1 million in the june period compared to a year earlier. sales fell almost 26%. the billionaire is in the process of delisting using a london-based company. softbank backed company has been inied a license to operate london with authorities saying it has failed to meet passenger safety standards. it found a number of issues that could threaten public safety including unlicensed drivers and vehicles. la has been working in london since february and will appeal the ruling and plans to work as normal. gains slowed. job in september, many americans quit looking for work, suggesting the economic recov

. >> the next question is from reuters. >> good afternoon. a couple of questions. first one is very specifically about -- did any policy number offer policy action today? did you discuss any change in your policy instruments today? the second question is about your meeting schedule. in the spring, you met quite frequently, sometimes every week. do you have plans to increase the number of your meetings in the coming weeks? when is the next meeting going to be held? and what do you think you would need to see for the ecb to meetingt an unscheduled to take action like you did in march? ms. lagarde: thank you very much for your questions. in response to your first question, no, we did not discuss at all any particular or specific change to any of the posse measures that we have in place. we all agreed and recalibrating in order tonts reach the goals that we have. any of theling out tools that we have. i'm not ruling in any of the tools we have. we have staff already working on this, to arrive at the best so that we can reach the goals that we have assigned to ourselves