Were halfway into a pretty difficult trading day. Incidents, critics say the voting is not secure. The pope francis heads to africa it is difficult. To visit some of the world we are off the lows of the session. Poorest countries. Is off by about 350 it is a region hardhit by some concerns,es biggest points. The s p 500 and nasdaq off as well. Chinamid ongoing u. S. Conflict, corruption, and climate change. Africa is one of the few places on the planet are catholic communities and priestly vocations are growing. Uncertainty. Are we going to get back to the global news 24 hours a day, on air and at tictoc on twitter, table as trade as well so weaker powered by more than 2700 journalists and analysts in more manufacturing data we got out of 120 countries. U. S. This morning, sparking a russian a classic safe havens including u. S. Bonds, 10 year this is bloomberg. Yield down by about five basis points. I am vonnie quinn. That defensive tone is confirmed when we look at the sector composition of the s p 500. Welcome to bloomberg markets. You can see up top are the classic defenses. Down at the bottom, yet the industrials going the big drag. Those banks sensitive to those lower yields and energy is off by about 1. 3 due to the here are the top stories. Declines in oil. We can take a look at the crude near itsf ui contraction for the first lowest in a month. What it will do to global oil demand. You also have supply concerns risingec crude output for the first time. Also continue with what has been happening in gasoline futures thanks to hurricane dorian. As the storm weakens, now only a category 2, you have insurance rallying a perhaps he idea there wont be as bad as expected in the u. S. Vonnie thank you for that update. U. S. Stocks falling as trade negotiate in some between u. S. Negotiations with from u. S. And china hit another stumbling block. Officials in washington and beijing struggle to even agree on a schedule for talks to resume. China was to send a delegation to the u. S. For meetings but no dates have been set. Similar greg are joins us now from los angeles with the latest. Series ofe stand, tweets from the president didnt really clarify anything about the talks, did it . No. Where we stand is on sunday, these tariffs the u. S. Promised who chinese goods and china retaliated. It probably would come as no surprise what were hearing from our sources the two sides are trying to come together with ideas of how to meet again. The last time they met was in august for trump announced the new tariffs. Meeting inke september is up in the air. Not only can they it not agree on a date, they cannot agree on an agenda. It sounds like china is not quite willing to be a specific. You can imagine why. There is a lot of goodwill lost since these tariffs took effect on sunday. Vonnie what was the president s message today when he talked about the 2020 president ial election, potential for a change or for him to have a second term . Was he threatening china or holding out a carrot . What weve heard from trump before today is the 2020 elections are coming up, china hoping a democratic government will get an anthology zero on them. Today was a little bit of a different tune. He says of china waits until after 2020, it will be a lot harder for them to get a deal which seems to suggest he thinks his chances are pretty good about getting back in and that he might even go to have her on china, perhaps will not be as willing to make a deal after 2020. It is hard to know don obviously, 2020 is a big date in trumps mine. As we get closer to that, we will have to see with the Trump Administration austrias strategy is. Possible strategy is. Mcgregor, thank you for joining. Global trade wars continue to factor in the possible Monetary Policy decisions by the Federal Reserve and other Central Banks are entering a full week of fed speak. Powell still needs to catch up according to one. They are behind the curve. Look at Market Reaction after the first ease. It looks like they tightened. Out foret is crying more. The fed is extremely divided. Vonnie lets bring in John Herrmann for his take. The pmi data this morning, does that further give the fed reasons to cut even more . As your previous guest was mentioning, the fed is clearly divided and we saw that in the jackson hole speeches in the commentary and that kind of thing. We just think the economy, u. S. Decelerate. Inues to we think the data is slowly catching up to that. The fed is lagging that process. It is going to take the fed a little time to come around to view that the economy is weakening, Global Economy is weakening faster than they thought. , and trade negotiations our view, theyre not going anywhere between now and election time or after for a period after. Getting the fed to really embrace and view that things are not going to get much better and , it isrisk getting worse a little difficult but theyre coming around. Vonnie how concerning that we have an ism number below 50 . Since 2016, below 50 was sort of a blip . Aenergy sector blip in that kind of thing and some of the spillovers from that into machinery sector. We are seeing something similar to that. Machinery we can from the trade from the trade, agricultural areas, mining. What we think is going on is we have a Global Manufacturing slowdown underway and we have a global slowdown underway. We think that has been dragging ism down. We expect further weakness there. We think the payrolls, which some people think payrolls have been resilient. Our view is payrolls this year will average maybe 150,000 a month. Last your they averaged 220000 and change. Next year we think only 120,000. We are very vulnerable at the end of next year to a shock that could tip as into a slowdown recession 21 2021. Vonnie what would the fed have to cut for that not to happen . They would have to do a light. They would have to do a live. Go below 1 . The 10 year yield might test 1 . Sure monetaryor policy could do anything about that kind of a recession . I kind of get the rate profile, very accommodative, and be willing to start to embark on more qe and have to do this before the recession actually started. That was Ben Bernankes own self 2007. Ism back in he said, in hindsight, i want to do girly are, i wanted to cut sooner, do a lot more and i did not. At the end, we were in a startedn in 2008 and i cutting them. It was too late. We think yet to be really proactive, do a lot of things. Then were going to need the fiscal policy to really come around. That is the tricky part. Vonnie and that is questionable. An Election Year is going to be messy and we are very divided country, unfortunately. The representatives are increasingly movers and moving far right or far left and very little middle ground. Vonnie jay powell has tended to be pretty relaxed. He says were watching things closely and we think we are the curve and it is fine. Poor, jay, doesnt look like he is buying the curve. He thinks he is in tune, but it is interesting. If you look at the dots. Back in december, we were saying dont hike in december, just keep rates low. Compare markets for cuts. At that time, 11 of 17 officials said not only hike in december, but two or three hikes this year. ,n march, it goes 15 of 17 say hold steady were one hike. June, nine of 17 say, lets hold things steady, no cuts. They have been erroneously hawkish for the last night at 12 months. Ting the whole committee and jackson hole, they were pretty divided in a fair number of hops still out there. Vonnie if there was a resolution to the trade dispute and extra tariffs came online again this week and, even if they were not rolled back, if this were to be the end of this, would that help at all . If you can somehow end this trade spat and everything else, that would be a very good thing. It would get businesses little more confidence in on the margin that would help. You probably would not have to do as many rate cuts and that kind of thing. What we worry about the intermediate to longer term, the Labor Force Dynamics in the was are very, very bad. It is not just aging and baby boomers, but millennial struggles. Europe has aging issues far beyond that of the u. S. Japan, singapore. Canada come even, very severe aging problems. The next 10 years looks like low growth globally. We would think the rates would ultimately come down either way. Vonnie and we have the china figures. No confidence. We would agree with that. Vonnie john, thank you. Great to speak with you. John herrmann. Coming up, tensions rising among u. S. Stock markets. Designed to determine whether locationsfluence the where trades are made. We will have the latest, next. This is bloomberg. Vonnie this is bloomberg markets. U. S. Stock exchanges are headed to court. Withare in a legal fight the sec over government how to program. It is designed to decide whether rebates influence the locations where trades are made. , lennon. S to explain is it naive to suggest of course rebates do not influence where trades are made . To me, it would be the opposite. Big bone ofhe contention. The sec is saying there people in the market such as calpers, some of the big pension plan to complain that rebates do influence where the brokers spend their trades. What the sec is trying to do is come up with this Pilot Program for two years that will enable them to study where the trades actually go. Groupsor Stock Exchange you mention have sued the sec to try to stop this program from happening. Vonnie it is called a transaction fee pilot. How does it work . It is very complex because equity markets are extremely want people step basically, the sec is splitting stocks three different buckets to try to look at whether the season rebates influence where the trades are made. It is extremely technical and wonky, but it gets people really riled up in this market. That is something i wanted to hammer home in the story is the fact is a very passionate group of people. Everything the sec does is under a fine microscope. Everything they try to propose is really commented on by all sectors of the industry. Vonnie everybody. Money managers say it creates complex of interest. The exchanges say it needlessly disrupts markets. Who has more to lose . It seems like it is the exchanges. I think the thing here is, the reason people are so passionate is everyone has something to lose. In the equity markets, u. S. Equity markets are the deepest, most liquid markets in the world. When people make profits, theyre talking about fractions of pennies. Everyone is under pressure to create revenue and under cost pressure. Everyone has something to lose, whether it is the exchanges, the brokers, the buy side. Everyone is fighting over smaller pieces of the pie. Everyone is starting to attack each other. Vonnie is their transparency to these rebates . No. That is one of the reasons why the sec wants to do this study is to be held understand how they influence where the trades are being sent. There is injustice ever get overview in the market so we can look at to identify that. There isnt this aggregate overview in the market. Calpers alongside some of the other big pension plans, ontario teachers, as well as some of the worlds biggest Asset Managers, are really saying they want this to be studied. They want to understand why and where the brokers are sending the trades because they say there could be a conflict of interest. Some of the Asset Managers are pretty diplomatic and say potential conflict of interest were other funds and managers say there is a conflict of interest and the brokers do rout the trades at the expense of clients at times in order to get the rebates. That is a big question. The sec is said, hey, we see there are complaints. People have brought these concerns to us and want to a study and want to study it. And they said, no way, and want to court. Vonnie a story that will play out for months and maybe years. Thank you. Ahead, the bahamas get battered by a record dorian. Now the u. S. East coast is preparing for hurricane dorian. That is next. This is bloomberg. Vonnie this is bloomberg markets. It is time for your latest business stories in the news. American airlines has had a rough summer. Theyre underperforming delta and united on Profit Margins and ontime arrivals. Summertime Flight Cancellations has made passengers angry. American Ceo Doug Parker says there is absolute urgency to correct the shortcomings. The new yorker magazine will higher it subcontractor editors and Fact Checkers as direct employees. This is a change that comes on the magazine is in contract talks with its newly unionized staff. The union has been pushing for the change. Fact checkers and editors said they lacked paid holidays and vacations and received less generous how the insurance. Health insurance. Coast is bracing for hurricane dorian. These storm has been downgraded to category 2, but still registered as one of the strong as turkey and ever on record. Strongest storms ever on record. It is forecast to move dangerously close to the florida coastline as it travels north toward georgia and the carolinas. Insuranceg in Senior Analyst for bloomberg intelligence. Matthew, so far what do we know about the cost of dorian the on the human cost, which is already tragic . The bahamas taking the brunt of dorian so far. Aside from the human and total the isolated the potential Insurance Company lossesof dorian, you can look at 2016s hurricane matthew, which insured losses of about 1 billion. This will probably be worse than napa that number is a manageable number for the insurance industry. Vonnie where is dorian targeting now . The forecast shifted dramatically over the weekend. We are looking at grazing the coast, moving up florida toward the carolinas. Potential for landfall in the carolinas is still there. Vonnie what are insurers doing to protect themselves . They have been stepping back from the coast over the past be years pretty dramatically. Past few years pretty dramatically. They have been buying significant reinsurance. Vonnie what happens now with the bahamas . As i understand it, insurers have been clever about the way they ensured the bahamas. Does the bahamas get what it does ors deserves . Im sure they will get what they paid for. The insurance penetration obamas is very low. The country is probably less than 1 of that than just florida terms of insurance premiums. Vonnie in terms of crops and other things in the way of dorian at the moment, what are we looking at . Not as genetic. More when it was headed for landfall in florida there were concerns about orange crops. That seems to be off the table. Vonnie more like peanuts and just home damages. Most losses will come from personal homeowners insurance. Vonnie matthew, thank you for the update, keeping an ion insurers for us. Still to come, we have more market coverage for you. Stocks are off their lows but drifting a bit lower. The s p 500 flirting with at 2900 mark. The dow is down 1. 3 and the nasdaq is down 1. 1 . The s p 500, most groups are lower now with the exception of the reinsurers. They are doing pretty well out of dorian. This is bloomberg. At comcast, we didnt build the nations largest gigspeed network just to make businesses run faster. We built it to help them go beyond. Because beyond risk. Welcome to the neighborhood, guys. There is reward. Beyond work and life. Who else could he be . There is the moment. Beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected, to do the extraordinary. Take your business beyond. Lets get to the first word news this afternoon. President trump is telling china it is best to get a trade deal done before next years election. He said it would be much tougher for beijing. He said the u. S. Is doing very well in negotiations with china, although he game no specifics. President trump is defending his weekend golf outings during hurricane during. He canceled a weekend trip to poland to commemorate the 80th anniversary of the start of world war ii. Instead he said he was staying in washington to prepare for the storm. The president tweeted that his rounds of golf on saturday were very fast. His comments came after he was criticized by the london mayor for playing golf. He responded, calling him incompetent. British Prime MinisterBoris Johnson has lost his majority after a conservative party member defected to another party. He left to join the liberal democrats, who opposed brexit. Johnson has vowed to leave on october 31 what is political enemies are fighting to stop them from doing so without a divorce deal. It is the first of a series of key votes in parliament. Global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. I am ritika gupta. This is bloomberg. Shery live from bloomberg World Headquarters in new york, i am shery ahn. Amanda live from toronto, im amanda lang. Welcome to bloomberg markets. Shery your other top stories we are following from around the world. U. K. Government meltdown. Prime minister Boris Johnson faces rebels in his own party that threaten his brexit strategy. Tradetalk vote. Areese and u. S. Officials struggling to agree on a meeting after washington rejected beijings request to delay tariffs that took effect over the weekend. Walmarts gun crackdown. The retailer will stop selling sometimes of ammunition and will ask customers to stop carrying guns in its aisles in the wake of two deadly shooting in its stores. Amanda quick check on the major averages. Of course, the trade talks, tensions continue to weigh on stocks today. Negative sentiment across the board. Across the broader s p 500, industrials and financials with sensitive stocks moving slightly higher. It is semiconductors with concerns about the effect of tariffs continuing to weigh in on the nasdaq. The chip group down as much as 2 today. The economy remains in focus. He was a look at factory output. This is a read of gauges across the world. The u. S. Showing a threeyear low on factory activity. Contraction for many large economies here. The top line is to the upside. For most of the world, we are seeing continued declines as, among other things, general slowdown and the effect of trade wars take their toll. Shery before i look at what is happening with brexit, let me break some news from italy. We have heard that italys fivestar members have backed a deal for a new government. This would be a new government led by the premierdesignate giuesppe conte, the final obstacle when it comes to putting together a government after members of the antiestablishment five Star Movement that came in an online vote. We could see a collision between five star and the centerleft democratic party, which they have criticized as in at and out of touch. But finally we have seen those supporters voting and backing for the deal. That would be a government led by italian premierdesignate g e useppe conte. Of course we have brexit, the deadline nearing. We continue to see these uncertainties over the economy. This is the brexit barometer come which has fallen to a postreferendum low. This is tracking the Economic Health of the United Kingdom and it includes indicators for employment, uncertainty, all of them not looking great. The pound did turn higher today as Prime Minister johnson lost the majority in the house of commons. And we saw the interesting Market Reaction as u. K. Prime minister Boris Johnson loses the majority. All eyes still on brexit today. He is facing off with members of his own conservative party, and one of them said this may not be the last of them to go, determining the fate of the u. K. Exit from the bloc come halloween. Johnson we will leave october 31 in all circumstances. There will be no further pointless delay. It is increasingly clear that this reckless government only has one plan, to crash out of the eu without a deal. Amanda for more on this we have become host of european close, guy johnson. A reminder from Boris Johnson that there is due process. He continues to talk definitive we as if it is all of his own making. Do you think they may or there will be a snap election before the brexit deadlin . Guy possibly. British politics have gone from being slightly crazy being really crazy. Boris johnson at the start of the day had a majority of one. We saw a member of his party crossing over the aisle and going to the other side of the chamber and sitting with the liberal democrats. You then have a series of mps opposed to a hard brexit saying that tonight we will vote against the government and vote basically to start the process that will force Boris Johnson to extend the brexit date until the beginning of next year. Boris johnson turns around and i willo do that and, a, expel you from the party for the he goes from 1 to 20. And then i will call a general election. The problem is that getting the general election is not that easy. Of mpsres two thirds within the house to vote for. What we could end up with tomorrow morning is a situation where Boris Johnson tried to call a general election and has failed in doing so and he has gone from a majority of plus one two majority of 20 tomorrow. Who knows where that will leave british politics . Shery and yet we are nearing the brexit deadline. Do you continue negotiating with europe or do you focus on domestic politics first . Guy probably domestic politics first. What also end up being a result of tomorrow is that Boris Johnson is forced to extend the brexit deadline. Assuming he cannot get a deal with the eu until the beginning of next year. It is unclear whether or not we will have a general election in october or whether it will come later, but basically it looks like we are probably heading for an extension of that Brexit Process. It probably looks like we will have a general election in the meantime. To be honest, the chaos of british politics is likely to remain front and center. Amanda there has been a suggestion that negotiations are ongoing and that they are going pretty well. Is that even remotely possible, guy . Can any team be at the table negotiating monday opposite side can see this level of dysfunction at home . Guy it is hard for the eu to negotiate. There is theoretically a government at the moment, and theoretically Boris Johnsons position is i dont want hard brexit, i want negotiated solution. However, his chief policy advisor, the guy who ran the leave campaign in the original referendum, has basically indicated he thinks that the eu negotiations are basically a sham, and as a result, doesnt really believe anything that comes out of the eus mouthfuls of is incredibly difficult out of the eus mouth. It is incredibly difficult to gauge what the government wants. There is so much and acuity around all of this. Be honest, on the other side of the channel they are sitting back and trying to understand what is happening. From their perspective it probably makes an extension more likely, and therefore the possibility of crashing out on october 31 becomes more distant. Shery thank you so much for letting this very complicated Brexit Process to us. Guy johnson joining us from london. Lets turn to u. S. And china when it comes to trade talks. President trump issued an , thompson definition would face even more difficult negotiations if the president wins a second term, tweeting in part, while im sure that china would love to be giving with a new administration so that they could continue the practice of ripoff usa, think of what happens to china when i went. Lets welcome a fellow from the center for strategic and international studies. Always great talking to you. My question would be, how much faith can beijing really have in the Trump Administration and President Trump keeping to his promises when we have seen the way the administrationhas treated other nations say, other after nafta, or International Deals that the u. S. Has pulled out of. How do you overcome this trust deficit . I think that is the big problem right now. Both sides have lost confidence in the other. Your example of mexico is a very good one. Here we have difficult negotiation, signed an agreement with them and ken beckham and six month later he is announcing across the board chair agreement with them in canada, and six months later he is announcing across the board tariffs. He didnt go through with them, but the chinese are very skeptical. In turn i think the u. S. Administration is slowly coming to the realization that the chinese are not going to give us everything we are demanding. Were sort of at an impasse. Amanda although, bill, the president likes to spin that chants as somehow good for america, we are seeing Economic Data that revealed that the tariffs are beginning to bite. Businesses are pointing to real outcomes here. Does that have an effect even behind closed doors, where he has to admit that the tariffs can hurt america . William well, he admitted it implicitly when he put the new ones in effect, when he said we delayed some until december 15 so there would not be a Christmas Season affect. That is saying that we dont want consumers to pay more on these items. The fact is that they would be paying more. The idea that the chinese pay never has been true. This is showing up in the economy, as he said. It is not showing up in political polls. He has very strong support in his own party. And very weak support in the rest of the country. So we will see, but i think the people that have been Trump Supporters from the beginning have not yet abandoned him over this. Shery of course in the meantime we are seeing Companies Like huawei lashing out at the u. S. Government. We are seeing them accusing washington of harassing workers and attacking its internal network. What is the end goal with huawei . Is it to stop the rise of this chinese tech giant or the rise of china itself . And if thats the goal, would it work . William im not sure that his advisers are united on that question, and that is also one of the problems here, people with different views. And the president has tended to, when given a choice of options, tended to say all of the above. His security advisers believe that Chinese Telecommunications companies, particularly huawei, pose a National Security threat, that their products are compromise and that the security would be weaker if the telecommunication system uses the product. The president has occasionally agreed with that and at other times suggested that this is a bargaining chip that could come up with the negotiations. Evil are not sure where he stands. People are not sure where he stands. There are a number of requests by u. S. Companies to export to huawei. This requires a specific license each time. None of those applications were acted on. Everybodys waiting for the president to make a decision about what he really wants to do in this case. Amanda including possibly the government of canada. One of the Big Questions has been whether this administration has a long game when it comes to china, whether this is a necessarily about the items on the table now but longterm tech dominance. Do you buy that, or do you think this could be settled around agreements around tech transfer, for instance . William this is one of the great unknowns. I think the president s advisers, particularly ambassador lighthizer, the trade representative, believes the only good solution for the United States is one in which china is forced to make structural changes through their economy that we have been to manning. We had been demanding. All things of these to favorable treatment of state own halting subsidies to favorable treatment of state owned enterprises in particular. There are advisers who believes lets just take a deal. If we can get them to buy more of our stuff, we will declare victory and move on. Has notident thus far brought into the latter. He still good, but he hasnt yet. The chinese very clearly are not going to give the former. Were sort of in a position where this is going to go on for a while. You talk about the long game, and the long game is going to be at least a year, because the path out of this predicament for the president i think is to make a deal a year from now. It wont be a good deal. He will say that it is, because it always is for him. He will declare victory. But what he needs to do is do that so close to the election that people wont know its wrong until after they voted. That itmake a deal now, will fall apart over the next year, because people will say the loopholes, and see chinese noncompliance, which i think is a given. I think they are locked in an uncomfortable embrace, neither side wanting to pull out, neither side compared to agree for at least a year. Amanda great to have your thoughts on this. Thanks so much for that. Coming up, pulling the plug on ev subsidies. China has scaled back incentive programs for electric vehicles and sales have plummeted. This is bloomberg. Berg. Amanda scaling back incentive might affect the biggest market for ev. We have seen from other markets the effect that subsidies can have. Was this surprising that once we see the rollback in china that it would have this kind of effect . This has been an ongoing process on the part of china to pull back from the subsidies and that the electric Vehicle Market stand on its own. A queue years ago they had some sort of highprofile state media exposes of companies that had been abusing the subsidy system and building electric vehicles that were never actually going andet bought by real people they are trying to put some of that to rest and make this a market where it is more natural to man as opposed to pumped up by state support. You are going to have concerns on the part of established automakers that have to do a lot of introductions of electric vehicles over the next few years. Under the new were emissions rules that china is implementing, which are going to continue to get stricter, this is a worrisome signal for them, especially if it is sustained. If it is a onemonth blip, that is one thing. If this becomes a trend, that is a cause for concern. Shery what role did tesla playing these numbers . They were the strongest contributor in terms of the princeton numbers. Bernstein numbers. A little less in july than relative to june because you have the end of the report for the company to deliver as much as they could as they were putting finishing touches on secondor numbers. You also had a situation where they have dwindling incentives here in the u. S. Markets. That sort of good contribute to the july numbers being a little bit softer than they were on a sequential basis. When we have seen other markets were subsidies pullback and sales soften, do they rebound . My the Consumer Market come back more strongly . You will have the product to make a possibility. You have a portion of that is coming out. Audi ramping up production. Jaguar getting going. Volkswagen is going to have this really ambitious offensive over the coming years. You mentioned General Motors and ford. It is an industrywide phenomenon. But there is a concern you hear from the executives after they are done i think coming about whether if they build it, the consumer will come. This is Something Different for the consumers. There is a bit of inertia on the part of consumer of may be in excellent i buy will be an electric vehicle. Shery thank you so much for the latest on the ev Vehicle Market. Announced walmart has it will curtail ammunition sales in the wake of the store shootings, and the ceo reader its his call for congress to debate an assault weapons ban. This is bloomberg. Shery it is clear to us that the status quo is unacceptable that is the walmart ceo announcing that the retail giant with cap selling certain types of ammunition would stop selling certain types of ammunition for the is in the wake of two deadly shootings at its stores. Matthew boyle joins us with more. What impact will this have on walmarts bottom line . Matthew it will have an impact certainly on their sales of ammunition. They control 20 of ammunition sales in the u. S. And they said that these measures will reduce their market share from 20 to between 6 and 9 is certainly they denied saying it will have a broader financial impact, and will they see a reduction in earnings or specific sales, they wouldnt go that far today. But he will have an impact on their sales. Amanda from the canadian context, when you say it will ask customers not to openly carry guns in the aisles and we think that does not sound like a big ask, but for some americans it is. There backlash that they may face . Matthew they were certainly get some, exactly. They said they will train employees to do this in a nonconfrontational manner, but you and i know that if they go up to someone it will be a confrontation. It will be something that will be quite controversial and it will get a lot of our customers pretty angry. Shery the ceo is putting the ball back into congress court. Are they doing anything . Matthew the ceo of walmart reiterated a call he made last month for congress to debate the assault weapons ban. It did not go so far as to say that assault weapons should be banned. He just said that greg after debate it. Right after debate it. Amanda do we expect other retailers to follow suit . Matthew with issues like gun control and employee relations, walmart is often a leader. What walmart does, others will follow suit. We know that retailers like Dicks Sporting Goods have made restrictions on gun sales. Retailers like starbucks have instituted new opencarry policies. But as walmart goes, so goes the rest of retail. Amanda grade you with us, matthew boyle. Anything you have missed you can catch on your bloomberg with the function tv. From toronto and new york, this is bloomberg. From the 5am wakers, to the 6am sleepers. Everyone uses their phone differently and in different places. Thats why Xfinity Mobile created a Wireless Network that auto connects you to millions of secure wifi hot spots. And the best lte everywhere else. Xfinity mobile is a different kind of Wireless Network designed to save you money. Save up to 400 a year on your wireless bill. Plus get 250 back when you buy an eligible phone. Click, call or visit a store today. Ritika i am. I am ritika gupta. Lets get the first word. Senator Mitch Mcconnell says he is rating for the white path to chart a path forward on going at inflation. Radio show,tts mcconnell was asked on a senate vote on legislation passed in the house to expand background checks for gun purchases. But condit this mcconnell says the President Trump favors the bill, he will put it to the senate for a vote. Hurricane dorian is getting weaker. The storm has been downgraded to category two, but it is bettering the bahamas with winds of 110 miles an hour and lifethreatening storm surges. Dorian is moving towards the northwest. It is likely to head of the u. S. East coast and could move dangerously close to the florida coastline. The United Nations says more than 60,000