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Not seem to be having an influence on the major averages come even though its well above the survey. The dow,l moves for s p 500, and nasdaq. Mixed rating with the nasdaq down slight the. No longer on pace for a record close. On the week, big gains. S p 500 and nasdaq on pace for their best week since middle july. Despite the uncertainty in the real world about geopolitical tensions, debt ceiling, potential government shutdown, we are mainly looking at stocks trading higher in a bullish manner. The dow right now for and s p 500, trading higher. Lets see if the nasdaq can turn higher, in the way it opened. ,ets take a look at carmakers ford, gm, Fiat Chrysler, all gaining. Ford and Fiat Chrysler posted declines in sales for the month of august. Ford came in down 2. 1 , but beating the estimate of down 3. 5 . Fiat chrysler sales fell 11 . Gm sales grew by 7. 5 , beating estimates. Investors seem to be pretty pleased. It will be interesting to see in the month of september a toll of harvey is on car sales. 2. 3 does come from texas. We will be reporting from that in a little bit. Finally, rounding it out, lets go into the bloomberg. Divergence,at that difference between what is happening in the real world perhaps relative to some of the fears and economic stress. Print, ands good ism that is probably what the bulls are happy about. This is a longerterm chart. In the blue we have the s p 500, on the bottom the Merrill Lynch investor stress index. When it goes higher, there is investor stress. We see when we had that volatility, it was very high. Started to climb earlier this week. Some believe this could pop higher, but it is starting to go back down. One point to Pay Attention to, in 2011, it went very high, that was around the debt ceiling crisis. If the debt ceiling is not raised, lets see if this index is higher in the weeks ahead. Mark this is an intraday stoxx 600 chart for you. There is the release of the jobs report. The ascendancy stopped in its tracks, still positive, but only a blip. The upward trend has continued, 5. 7 . Up 0. 7 . Continuing a weekly streak of alternating between losses and gains that started six weeks ago. Last night, vivendi reporting secondquarter sales, continued growth and universal music offsetting Competitive Pressures in its Pay Television unit. With the chairman wants to do is create a dominant media group in southern europe, which is built canal ,niversal music, french advertising. Shares are up by almost 5 today. Pmi data out of the eurozone today. Factories increasing out at one. F the fastest paces since 2011 56. 6. Ust, 57. 4 versus a surge in export orders paired with robust a mystic demand putting pressure on capacity, forcing companies to take on more workers. Increasingly strong momentum in the eurozone, which saw growth rise 5. 6 in the second quarter. Thursday, what a week, 1. 19 and change today. This is one month risk reversal data, which tells us investors are not giving up on the pair. Markets are not abandoning the euro quite yet. Still trading above zero. 118. 65, coming down from those lofty levels of 120 it reached on tuesday. An unusual into the month of august and beginning of september. With theck in now first word news with taylor riggs. In texas hastoll risen to 39 from Tropical Storm harvey. Authorities are still searching for but comes. They say floodwaters are expected to be gone for most of houston by early tomorrow. Meanwhile, firefighters are still monitoring a Chemical Plant after an explosion and fire. Owners of the are kemah facility warned there could be more explosions. President trump may use the disaster to lower the risk of an unprecedented default. The president may cap an increase in the debt limit for the disaster in request. The white house wants to extend the limit until congress can deal with funding the government for the fiscal year. European central bank may not be ready to decide on next years Bond Buying Program until just before the current one expires. That is according to euro area officials. Holdkers heard there their first formal talks on the stimulus next week. We can inflation has some concern back to buying. Camenya, a decision that reshaped the countrys political landscape. Of the president and has ordered a new vote in 60 days. Judges ordered in favor of the opposition candidate who claimed Voting Results were rigged in the others favor. The lawyer called the decision very political. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im taylor riggs. This is bloomberg. Vonnie thank you. A big week for economic data. We just got new u. S. Manufacturing figures, auto sales rolling in. Earlier came the august jobs data. Jobs,ers adding 156,000 fewer than forecast, unemployment rising 4. 4 . Wage gains disappointing. Earlier, bill gross spoke about the state of the labor market and inflation dynamics. Year over year, core inflation is increasing only at one point or percent, down from 2. 1 only six months ago. Oni think the fed is focused wages and inflation to the extent that wages are reflected in that. This is a week report. Vonnie joining us now is diane swonk. She is in chicago. Gary cohn was just on, any director of the National Economic council, saying tax reform will push wages higher, will put pressure on those wages. Is that a valid argument . Certainly, if they do tax cuts instead of tax reform and revenue neutral tax reform, which is what we need to clean up the tax code, you could see a bump in wages. It depends on where they targeted tax cuts. That is all they can manage to get at this stage because reform is very difficult. Requires tradeoffs and the broadening of the base, lowering rates. That is not the same thing. Although we would like to see reform, it is so difficult, i dont see that in the cards this year or next year. Vonnie if we are just looking at tax cuts, where are they, across the board, individuals, corporations, to they get paid for by growth . The real issue is how we pay for these. Original tax proposals are over 2 trillion on the whole. Those have to be scrapped. Now you have to look at something more modest. The pay fors are just not there. You have to start doing things like limiting charitable contributions or limiting mortgage deductibility. Then you get the lobbyists showing up in washington, and that will bog down the process. Vonnie what do you see happening in 2017, anything . We are already having difficulties within the gop, now the gop and the administration. Everyone want something a little different. I think we will see some problems. The debt ceiling, we have already seen some Freedom Caucus members say dont attach anything to hurricane harvey. They want a showdown over the debt ceiling vote. I dont think we will default on the debt, that would be very foolish, or to prioritize people not getting Social Security checks paid on time and paying debt payments instead. The fact that we are going to take it to the limit, and we are going to hit sooner than secretary mnuchin had said because of emergency aid for hurricane harvey, that is going to be an issue. This Means Congress will not be even getting to the issue of the bidding taxes until we lit the debt ceiling. I dont think we will get a federal budget agreed upon right away. Likely a continuation. This is an issue that we will be dealing with in december. Jobs report was weak on jobs, wages. Does it move the dial on the chance of the fed raising this year . Im sorry, i think you asked me about the timing of the fed rate hike . The issue is, you already have a debate on inflation. They are very divided on whether they raise rates just because financial conditions have eased enough. Interest rates have come down since they started to raise rates. There are many in the fed, and i think they have the votes to raise rates anyway. You will get a lift in headline inflation as a result of the higher prices at the pump and pressure of material costs, particularly in the construction or. That will give them the cover to raise rates in december but it will not be unanimous. You could get up to two dissents on the vote because there are many concerned about wage gains, which held at 2. 5 from a year ago. That is a deceleration from 2. 9 in 2016. The fed thought that we would go to 3 and holding, but that is where we thought we would need to be to get to the 2 inflation target. , andis a fed now divided one that could be headed by a whole group of people in the next year. Mark what is the bond market telling us . The 10year at 2. 6 , what does that tell us about what Bond Investors think the fed will do . A second question to that, can the bond market withstand the beginning of the normalization of the feds Balance Sheet program . Too good questions. The fed wants to move forward, i will go backward first the unanimous view on starting this process of allowing the Balance Sheet to gradually, and this redefines gradual. We are talking about billions on trillions. Really small rolloff of assets, really containing the assets, controlling it. They can always turn it off, stop the maturing of assets, rolling up the Balance Sheet, if it distorts the Balance Sheet two months. Gotten afed has not boost in longterm rates out of the Interest Rate increases on the short end of the market, i dont think they would mind the yield curve being wider than it is at the moment. For the moment, it is one of the most broadcast things out there. The market expects it. In terms of a december rate hike, still uncertain. I think we will get a december rate hike. What the bond market is looking at, inflation has not been that high, we dont see a lot of inflation. We may see a blip due to harvey, but that is not a longterm trend. What the bond market and the fed is struggling with, how much of the inflation we are seeing is secular versus cyclical . I think we are seeing some secular changes. The decline in cell phone prices is a quality measurement. That is something new and we have also seen declines in medical service costs, happening in the second quarter, continuing in the july data. The only upside surprise was in the inflation data in the most recent pce data from yesterday. Vonnie dont buy it for a second. I dont blame you. Diane, we have to leave it there. Thank you. Mark coming up, gold Holding Gains after the dollar dropped economic data. Futures in focus is next. This is bloomberg. Mark live from london, im mark barton. Vonnie im vonnie quinn. This is bloomberg markets. Is time for futures in focus. Gold continues to climb as the august john support list, weakening the case for the fed to keep raising Interest Rate. Joining us from the cbe is phil streible. You actually think gold may be going to 1400 an ounce, even though we pulled back from the highs this week brought on by things like north korea geopolitical tensions and harvey. Gold futures will march higher, 1300 is a key level support. Soccer payroll data confirmed what i anticipated. We should see initial claims jumped to about 30,000 with hurricane harvey. Geopolitical tensions are increasing, we have not seen kim un back up with his analysis. We have also seen gold futures will jump to the 4000 level. The dollar index has pulled back, should continue to break through the 92 level, and could march down to 90 even. With that being said, you look at the Technical Analysis indicators. The axis jump through the 35 level confirming we are in a strong bull market. There are plenty of stops here at the 1350 level. Once we go through there, gold should target 1400. Vonnie oil is stabilizing now, 46 handle. But we are not moving higher or lower. Gasp like we saw is also stabilizing. Phil opec is unable to come up with any kind of agreement as far as keeping in mind when what their cuts are. We are seeing a lot of cheating going on the road opec. That will continue to weigh in on oil. You would think the gasoline prices pushing through two dollars, accelerating higher yesterday, we should have seen oil futures follow that, but the crack spread, a lot of people continuing to buy gas, sell the crude oil market. We have these burgeoning supplies, and we should see these pipelines come back online in the next couple of weeks. Any pressure to the 50 level, i look to be a seller. Streible, thank you. Todays futures in focus. Mark you have heard the phrase make America Great again, hundreds of times. Now there is an etf based on the trump slogan. We will explore what is in it next. This is bloomberg. Mark this is bloomberg markets. Im mark barton. Vonnie im vonnie quinn. It is time for etf friday. That means abigail doolittle. Abigail just when you think you have seen it all with etf ideas, along comes a new idea of investing with politics. With us is eric balchunas. As always, thanks for taking the time. Talk to us about the one being launched next week, maga. It is thehind it point bridge and gop stock tracker. It was the tigger that got everyone buzzing. Maga. Essentially, this was thought up by a texas republican fundraiser , who also works at this investment firm. A way for people to invest in companies that donate heavily to gop and trump. That way, they can support the companies that support the president , and the party. We have never seen anything like this, there are obviously other funds,f responsible social and religious, but this is the first politically responsible fund. It will look to the s p 500, and it will basically look at government websites to find the biggest donors. The five largest stocks. Etfs. These responsible your returns are probably going to differ a lot of it from the s p, but those are also big lou chip stocks, so you will be close to the s p. One type of company that will not be in there is tech. You will definitely have market exposure without any tech. Tech is huge into democratic candidates. Even the manager admits this will probably a techless etf. Abigail i have to say, it seems like more of a marketing strategy. Can you talk about any other ones . Up a news will open category. We had the republican policies etf. Etfe is even a tax reform coming out, which im sure they are trying to rush through, given the tax reform is now front and center. These etfs, the democratic and republican policy etfs are different, because the other ones are trying to exploit policy. Both oftively managed them, and they want to invest in companies that will benefit from republican or democratic policies. That is not that outrageous. If you listen to bloomberg, you will hear what his policies mean for companies. We will go out and invest in these companies for you and serve it up for you. All of this reminds me of conversations ive been having with people recently, this proliferation of etfs, are we at the top of this bull market . The other day, one analyst saying that he is convinced etfs will be the next cds of what could be the downturn at some time. Eric i think he may have a competing product. Usually people that say that have a competing product to etf. Etfs are mutual funds. They are not a cdo or cbs. The other thing is they have 3 trillion, that is a fraction of what mutual funds have. I think youre onto something about these pretty products signaling the sign of the top potentially. Etfs like the global fishing etf. That is still the year the most launches ever came out. I think you tend to see the crazier, borderline satirical launches coming out after a long ball run. Abigail great stuff. I guess that eat your salmon. Back to you. Vonnie be careful of the iodine. Still ahead, the debt ceiling debate taking center stage. President donald trump thinks he has a way to avoid a shutdown. This is bloomberg. Live from bloomberg World Headquarters in new york and london, i am vonnie quinn. Vonnie i am mark barton and this is bloomberg markets. Lets check in with the first word news. Floodwaters are expected to be gone tomorrow and it is estimated it flooded 136,000 homes and businesses in harris county, texas, one out of every 10 structures. The death toll has been raised to 39. In beaumont, texas, flooding chased people out of shelters and led to rescues. It is struggling with the flooding at the citys water system. A Russian Foreign minister warns there will be a tough response to the latest of lymphatic titfortat with the u. S. With the Trump Administration ordering them to close its consulate in San Francisco and offices in washington and new york will be shut after moscow told the u. S. To cut its staff in russia by two thirds. Round two of the talks underway today in mexico city, expectations for rewriting the trade deal between the u. S. , canada, and mexico appear fairly low and the president has threatened four times to pull the u. S. Out of the agreement. The peso fell after the mexican economy minister said they need to look for an alternative to have to. Building on theresa may to break the brexit deadlock, a third round of talks as ended in acrimony. The big Sticking Point is money with the eu arguing the u. K. Should pay for commitments based on the assumption the country would remain a member. Global news 24 hours a day, powered by more than 2700 journalist and analysts in more than 120 countries. I am taylor riggs. This is bloomberg. Vonnie thank you. Trump may useld steve Harvey Disaster in texas to lower the risk of a government shutdown. According to administration officials, the president may attach an increase in the debt limit to an initial 6 billion of disaster aid. Joining us with more on the plan billion would this be disaster aid, all go straight to texas and surrounding areas . , they wantthe plan to put the white house wants to put the first batch of funding to get to the end of the fiscal year which ends in september 30 and during the same time, they need to make sure we pay the bills that have been racked up by the u. S. Government and make sure we raise the debt not popularhing among conservatives and republicans in the house and senate. The president is hoping to parody idea of providing funding for the victims in texas alongside raising the debt limit , hoping he can get both done before the end of the month. Something that would be difficult but he believes he can make a deal by putting something that is popular with something unpopular, the debt limit and hopefully get both over the finish line together. Mark donald trump plans to personally contribute 1 million to the relief effort, how unusual is this, a president contributing such a significant amount . To have aare for us president that has that much money at his disposal. President trump is one of the most wealthy president s we have had in modern history. Other president s donated personally, release their tax returns and we see what kind of Charitable Giving may have given , a lot of times they give to relief efforts when there is a major storm. Verydent trump has been criticized for how he has handled Charitable Giving, he wanted to show his critics he is willing to spend his own fortune on this crisis. Vonnie the other issue on the , why itsay is daca wrong out of nowhere and what is the pressure run out of nowhere and what is the pressure . Deadline, state attorneys generals said they will file a lawsuit against this daca Program Protecting Undocumented Immigrants brought here as children, if the president does not take action by september 5. The president had promised to do is on his first day in office and he said he wanted to treat these young people with great heart but realizes now there is a deadline and if he does not do something by next monday, he will face a lawsuit. There is a time crunch and time pressure to do something on this program, and he has the campaign appears,e made, it from the recording we have seen, he is ready to make a decision and that could end this program that protects about almost one million undocumented young people from deportation. That would of in his entire legislative agenda and foreclose the idea that democrats would work with him in the shortterm. Vonnie thank you. With politics, the Trump Administration its efforts to dismantle obamacare, announcing yesterday that it is slashing funding for enrollment outreach by 90 . The announcement on the same day to governors released a bipartisan plan to save stabilize the individual Health Insurance market. We spoke to John Hickenlooper yesterday and asked how funding costs will impact the market. It will not help. If we are trying to get rid of the mandate, one way to do that is a marketing dollars and to really get more young people to join. There are reasons why young people have not been joining and part is the penalty, they feel they can go in and get insurance when they need it, if they get sick. When they get cured, they do not they drop out, that makes it very hard because the people remaining in the insurance pool are the ones who have the worst conditions and cause the most money to the insurance companies. That drives premiums up. If we get more people in and broaden the pool, and there are a variety of ways to do that, that will attract more young people and we would not need as much Advertising Money. The suggestion is the Advertising Money is being thrown down the drain. Not having in fact they would like. President trump has suggested he will let the whole situation with obamacare, do you see this as a symbolic gesture down the path . , he isink maybe it is demonstrating this is a shot across the bow. I have not seen the data for 2016 but it is hard to use advertising to get large numbers of people to sign up. Would have suggested is that money could have been well spent in other directions and providing incentives or a bonus of some sort to get more young people to sign up. We all agree that we want more people in the insurance pool because that drives down the premiums and it is a selffulfilling cycle, driving down premiums and more people come in. That is where we want to get to. Calling on the president to give clarity on the subsidy payments. They have to make decisions for next year coming up shortly. You expect to see the president give his agreement and it is just leverage, holding back on this decision . It, many you look at people the percentage of the people really struggling in these individual insurance are in rural areas. The people that supported the president most strongly. We see that this might work and help people in Rural America be able to afford insurance and have coverage, not just for themselves but for their families. When we see that, the president and his administration will take a second look and say, these are a lot of folks that helped elect us and it will change a lot from what was the Affordable Care act and maybe there is enough change and we should roll up our sleeves and look at, is there a Better Future than letting it implode. Be ang it implode would disaster and i do not think anyone wants to be remembered for the consequences of that kind of disaster. You think his threat is not credible . I think there are a lot of choices we have, we lay a lot of them out in our proposal. We are proposing a framework and recognize it has to be the senate and the house coming together and the administration will have a loud voice in that. If there is one place we can have a bipartisan discussion in this country, maybe the health care is it. We have gotten close enough to the edge where people recognize that this is serious and these are peoples lives. , theow what Cost Reduction csr is a cost share reduction, we can, by making them firm up for two years, for 2. 5 years we will have the csrs, that will help bring premiums down and anything we do to reduce premiums will get more people in there and get pressure to lower premiums. Vonnie the colorado governor speaking to julia chatterley. Mark apple telling u. S. Regulators it opposes charging higher fees for faster internet, even as it makes a push into streaming, original content. This is bloomberg. Mark live from london, i am mark barton. Vonnie from new york, i am vonnie quinn. Cybersecurity Firm Palo Alto networks reported earnings yesterday, beating the top and bottom line and their earnings provided a glimpse into the latest Cybersecurity Spending trend. So far, investors are pleased. Joining us with an explanation is taylor riggs. All about the top and bottom line with earnings and after the announcement, i counted 10 firms on the street raising their price target. Barclays, banks like city, wells fargo, goldman, and with the share price is around one dollar 43 i think the street sees room for upside with wells fargo at 185 and on the lower end, ever core at 145. You mentioned earnings, 27 growth in revenue, that comes when some of the other companies in the cybersecurity space were struggling. A good standup company which was reiterated from wells fargo analysts, saying the Company Remains competitive, especially when it comes to living on growth on the revenue side and the Free Cash Flow side. Vonnie why is the share price underperforming . Relative to other competitors from a year ago, you see a little bit of underperformance. In the middle of reorganizing their sales force in the midst of increased competition, specifically from check point, a rival firm. Looking to reverse that are rolling out an application to integrate its platform with other vendors. And do more with the clout to boost subscription sales. Cloud to boost subscription sales. Mark time for the Bloomberg Business flash. We are finding out how automakers did in the u. S. Last month with General Motors sales raising twice as much as expected, ford sales down but by less than analysts had forecast. Fiat chrysler did worse than expected as sales fell almost 11 and analysts say it will take time to determine what impact Hurricane Party had been honda sales down 2. 4 . Revelation from wells fargo about millions of all militarized accounts may jeopardize the 142 million classaction lawsuit settlement, that deal won preliminary approval in july before the break raised its fake accounts estimate by two thirds. Lawyers for some customers are preparing written objections to the agreement. Maybe the Athletic Apparel trend is not up as shares of lululemon are soaring today after the Company Posted secondquarter profit and sales that Beat Estimates and they delivered a forecast for the year better than expected. Apple making a big push into original content, they reportedly considering leasing it call of her studios after announced plans to spend 1 billion on original programming. Not all they are working on, we are awaiting their highly anticipated the Product Launch on september 12. They are going big on content. 1 billion bid. We have seen it behind the scenes, dabbling with carpal aoke and landed of the planet of the apps, shortage like a dragons den for apps. They had been hiring executives from sony and they want to put in 1 billion. Jimmy eileen said he would i produce shows byand the end of the year, apple focusing not just on phones, two thirds of their revenue but trying to double the Services Revenue part of the business by 2020. They have to invest and perhaps with new studios and a new team makes sense. Mark it comes as they are telling regulators they are opposed to charging higher fees for faster Internet Access been. A republican who has come to the home of the federal communications helm of the federal communications commission, it is about net neutrality, the big fear was that if you unwind that trality, do you pay foursquare netflix was five, six years ago to pay for quicker access to the internet we can stream our favor programming on. Apple kept very quiet on that neutrality thus far. Maybe, if they want to push into streaming content, music or film , they will be worried if they have to pay for more access. Vonnie the push into films and even tv, because they are in fact looking at buying a studio, an iconic one. Fascinating, this is just putting their money where their mouth is. We know they are not unaffected as they have plenty of cash to put to work. They have spent a big on the new headquarters where we will see the unveilings of the new phones, the new smart watch, apple tv, notable in terms of the streaming of this content. They will come at the new headquarters on september 12. Looking for a new official area to be putting their stake in the ground when it comes to original content with an labased team with executives taken from sony. They wanted proper headquarters to show this off. Mark the buzz is building. Two september 12 as more details come out. Great job from our San Francisco team. Mark always gets these gives been these gives. Ps. The scoo anthrax in with facial recognition, we expect not one, not too, three phones, a highend, the 10th anniversary, at the steve jobs convention center, history in the making. We have got so many details on the phones and the smart watches connected mark wonder if there will be surprises. They will have 102 things up their sleeve. One or two things up their sleeve. Vonnie Credit Suisse considering a price for beckett basic Bond Research after european regulations next year. We will tell you how much next. This is bloomberg with a beautiful view of london. Mark live from london and new york, i am mark barton. We will end the week with headlines. Credit suisse saying it will offer free Bond Research and jpmorgan trader sponsored a gift for his brokerage and executives tapped by the sec to advise on brexit. Now we have a route of these stories. Offer suisse, could three Bond Research free Bond Research. It is a race to the bottom on pricing when it comes to research . Some are saying that. Another thing to look at is it is only bonds, only fixed income. If you look at Bond Research and general versus equity research, it is kind of a sign that banks are putting all their eggs in their equity basket. In europe, the top 12 balls brexit banks, only 1400 bond analysts and it is triple that for equities. Bond researchhat is probably not that big of a priority, at least when it comes to research only. If you are calling and analysts, they will charge you. Mark former jpmorgan trader is going into electronic execution in the u. S. And japan. What is the advantage there . Why focus on execution . And a bundled world, when research and execution, where together a bank could rest on its research laurels. They know the flow will come in, as long as people want the research. When they are being nonbundled, the buy side may say, i may go a fork a format bank a my research by the floor is open when it comes to execution. If you are strong in execution, you have great hightech services, you have a chance to prove yourself. Vonnie why confuse people with all of this pricing . May chargehat banks and the basic fee may be, fixed Income Research the maybe. Will people get too confused, should be there just an agreement that they will announce on a certain day but theyre pricing is . They may be Market Making in the press. We have noticed that prices have been coming down. Some can be as high as almost half 1 million for allinclusive services, jpmorgan said Something Like 10,000 two readonly which is a big gap. I assume that will close only as the time progresses. Vonnie the sec hiring a goldman executive, why do that . Not just any goldman executive, probably one of the egg is winners will be compliance biggest winners will be compliance and this man has spent 13 years as head of goldman compliance, way more important that the bank he worked at. Miss it and brexit are compliance headaches, especially for the sec which has different rules than europe when it comes to research how it is pay for and they will have to find a way to circle that square. Executivesan tapping on that firm could cause criticism. That is for politicians to decide. If you want to bring out the big guns, you usually call goldman. Mark we will see how that a full. There to see you we will see how that unfolds. Great to see you. Catch our new program on bloomberg about the everchanging regulatory landscape from the volcker rule to mifid. Exploring the applications and opportunities of regulatory change by drawing on our own inhouse expertise and industry figures on the frontline. Watch it on the bloomberg this weekend. Next, 35ean close is minutes away from the end of the friday session, a little bit of a reaction to the jobs report but pretty much the main index, stoxx europe 600 is higher throughout the day, 7 10 of 1 . I will leave you with the bond the board. The jobs report, maybe the ecb will push back news on ending the qe program until the end of december. The close is next. This is bloomberg. Mark 11 00 a. M. In new york and 11 00 p. M. In hong kong. From london, i am mark barton. Vonnie i am vonnie quinn. This is the european close on bloomberg markets. Mark big top stories we are covering from the bloomberg and around the world with the euros fighting high and loses gains after a bloomberg scoop, the ecb may hold off on finalizing its qe plans until december, what it means for mario draghi. Investors confident the new ceo can drive the Company Forward . We will talk with a long time uber investor to get his take and when he thinks the company will go public. It has been a chilly summer for the Hollywood Box Office come on pace for its worst return for more than a decade. What went wrong and whether films like the upcoming book star

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