Recover. Jay powell made it clear that the Interest Rates will stay low until 2023, but investors were positioned for a dovish surprise, and there was disappointment he did not provide new details or a further breakdown of the qe program. Perhaps he is saving the option for later. He made clear that the fed has not run out of ammunition. The question everybody is asking, is if this is simple or something bigger. This adjusted Downside Risk is limited. David it is equal it is interesting to position yourself for a surprise. What about other Asset Classes . What about bonds . Scarlet bonds are higher, the dollar has been fluctuating. And credit is down. If you look at tracking highyield credit i am also looking at net gas, it is tumbling. This is another asset falling from august ties. Commodities and especially the energy complex, they move on basic supply and demand dynamics. He was supplies here are increasing. And right now with the weather turning cooler, that would reduce the demand, and the hurricane in the south knocking out power, that will reduce demand, so that means less demand for those companies linkedin net gas. You can see these all off. Early on, we saw these names driving the Energy Sector to the worst performance among 11 industry groups. David thank you for being with us. I think it is fair to say that markets did not get what they were looking for from the fed. We are joined now by sarah house, a senior economist from wells fargo. Thank you for being with us. Why with the markets be surprised . The fed said, we will keep it low, close to zero until 2023, so what is surprising about that . Sarah the fed said that they would not raise rates until they had achieved maximum employment and inflation returning to 2 , but in terms of the overshoot they were vague and they said they only need to be on track for inflation to exceed the 2 target. When the market may have been looking for something stronger. When you look at the overall outlook, too, with extra projections, they still have inflation returning to 2 , but you did see a number of participants signaling risk off in 2023, even if it was not the bulk of the committee. So there is a sway toward rates may be rising faster than 2023 than the Market Participants mightve been expecting. David if you are looking for that, you might find it and what he said, because he said the economy is coming back faster than expected, but he said the uncertainty has not diminished, may even and has gone up. Sarah absolutely. That has been something we have laborwhether it is the market, things are Getting Better more quickly, and we saw the reflected in the economic projection. But when it comes to where we go from here, there is a lot of unknowns. It depends very much on the course of the virus. We are heading into the fall and winter, when things could get more harry. Hairy. And on the fiscal side of things, there are expectations that we wouldve gotten something by now, but that has fallen by the wayside. So there is uncertainty on the fiscal component. David i wonder about this, when you look at it with the fed, did they have any choice but to stand where they were . There is uncertainty about the coronavirus. And by the way, there is an election coming up before they meet again, so it would have been something to make a significant move given all of that uncertainty. Sarah if you look at the overall stance of their policy position, and what the economy has been doing recently. Yes, we have seen momentum, and the recovery is continuing at a good pace. In some ways, i think the fed was looking at this in terms of saving ammo, knowing what they have left does not pack as big of a punch compared to what we have already seen. So given we have seen things improve, and we have seen the fed with a new framework policy, they probably thought that was enough for now and we will see how things evolve. Emphasized,powell there is more that they can do still. David what would be the data that could change their minds next time . Sarah we have seen a renewed focus on the labor market in terms of maximum employment goals and really pressing for getting the labor market back to the strong position it was in heading into the pandemic. So i think if you saw some backsliding in the labor market. We already seen payroll growth slow, we have seen jobless trends going gradually lower, so if you saw backsliding that could get the fed to move in terms of more accommodation, a little bit faster. And also if you saw inflation beginning to falter again. We have seen it pick up. Now some of that has been related to the bounceback from the pandemic, but if we see this disinflationary event, we might see them step up asset purchases, for example, to get things going again. David what about the other side of inflation . Some people are talking about inflation returning. Are they looking at inflation or Inflation Expectations . Sarah they are looking at both. When we look at the upside risks of inflation, it is in the realm reality. Technology has been accelerated by the pandemic, but we are in an interesting position where expectations remain rather low, so the fed has tried to talk those up so some extent within the new framework. And we have seen stimulus in household banking accounts and business accounts, so it does have the potential to be spent more than what we saw with the stimulus during the last downturn. So there is that upside risk, but i think the fed will wait until they see it. And with how low inflation has been, they would consider that a good problem to contend with. David inflation averaging, perhaps. Thank you to sarah house. Coming up, we will talk with senator grassley about whether there is a deal to be done on further fiscal stimulus. This is balance of power. On Bloomberg Television and radio. David this is balance of power. Im david westin. We turned onto Mark Crumpton. Mark russia is trying to keep joe biden from winning the president ial election. Thatbi director warned russia is using social media to sow discord in the United States to hurt joe biden. He testified to a Homeland Security committee that russia has used joe biden as an antirussian american establishment. He also says that china is also trying to interfere. The Pressure Group founder says that President Trump deserves the Nobel Peace Prize more than former president obama did when he won in 2009. He spoke to Bloomberg Television. I think that he deserves one more than obama did at the time that obama received it. That was a symbolic prize. It was a hopeful prize. It was also overtly political. Mark President Trump has been nominated for the prize for the agreement between the uae and israel. The u. N. Secretary general is calling on governments to not throwaway away economic stimulus funds by supporting fossil fuel industries and that contribute to global warming. Speaking at a Virtual Conference on climate change, he said investing in Renewable Energy and Green Technology is the only rational path as countries mobilize trillions of dollars for economic recovery in the wake of the coronavirus pandemic. Tropical storm sally could drop up to a foot of rain in alabama and georgia today. It came on shore yesterday near the florida alabama line, and at least one person was killed, with hundreds more rescued. Streets were flooded throughout the region. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. David thank you. Congress has been negotiating over a possible fourth round of fiscal stimulus for months, and although the white house has signaled it might go along with a compromise, it is not clear that there are votes from either the republicans or democrats to get a deal done. We welcome now senator Chuck Grassley, chairman of the finance committee. Thank you for being with us. You are outspoken when the democrats blocked an effort to get a skinny stimulus through the senate. What do you think about the 1. 5 trillion proposal from the house side . Sen. Grassley too much. What is inside is even more disturbing. Millions for state and local governments to bail out irresponsible fiscal states like illinois, new york and california. Where there is some agreement is the continued use of the for k12program, money education, because controlling the virus in schools is very expensive, and things like that. But the total amount is a responsible. We still have irresponsible. We still have millions of the first chilean that went out that has not been spent trillion has not been spent yet. The democrats proved a week ago today that they did not want it in the senate. David specifically on state assistance, i understand that the democrats were at 900 billion, the republicans at 100 billion, the proposal is around 400 billion, is there any leeway there . Sen. Grassley i think at one time, at lease the white house, and they do not speak for republicans in total, but it was more reasonable that may be what we did at 150 billion in march it would be ok, but when the first 150 billion has not been spent in a lot of states they may not even know how to spend it so what is the reason of whereg more money in, president money has not been spent yet. It encourage is more irresponsible spending. David that money has not been spent because there were restrictions on what could be done with it, are you open to relieving some of those restrictions . Sen. Grassley yes, that was in our ability at we tabled the last week of july and it was also in the targeted bill that we voted on last week. Showedn i say democrats they did not want to go that direction, they would not even they said they did not like it. If they do not like it, you amend it. They did not want it even up for discussion and for amendments. The people hurt by not doing that, the enhanced federal unemployment ran out on july 31, and the president put another 300 million another 300 into that with his executive order, and that ran out on september 8. So, all the democrats that voted against it, even bringing the bill up they were saying to the unemployed, you cannot have any more unemployment insurance. And that would have been an opportunity to continue until the end of the year. David talk about the supplemental unemployment insurance. It was originally 600 a week. The interim 300 is going away. The proposal now is for 450 a week, for eight weeks. Does that sound reasonable . Some people at the white house think it would be ok. Sen. Grassley i think it is unreasonable. Two thirds of the people unemployed with 600 were making more than they would have when they were working. 450 dollars, 40 of the people would be making more. We should not have a federal policy that discourages people from working. Two, ther and government should not be an unfair competitor with businesses that want other people back to work, when the government out bids the salaries that Small Businesses campaign. David in your speaking can pay. David in your speaking out, you said there are things we need, including real assistance to farmers, who have had a hard time these last few years. Does that appeal to you to go further, because there are things that you need to get, specifically for the farmers . Sen. Grassley i want to help the farmers. We have the lowest prices we have had in maybe 10 years because of the virus. Prices are up just a little bit, now that things are looking a little better, but we cannot group and bep one irresponsible with the others. I want to tell you about how we were going to help the farmers. They are 2 of the population, they provide all the food for the other 98 , and it was going to be 20 billion out of like 300 billion, a little bit more out of the 3. 5 trillion that nancy pelosi has been pushing. So what they are after is a small amount, but you will not be fiscally irresponsible on the other 1. 5 trillion. Another thing needs to be said about what the house proposed two days ago. And is 50 House Republicans democrats got together and suggested this 1. 5 trillion that you are bringing up. And then they went to nancy pelosi and she turned it down. So, it just proves to you that the leftwing radicals in the house of representatives are ctrcing nancy pelosi to reje something that has bipartisan support in the house. David for those who are not veterans of the building where you are, the capital of the u. S. , give us an understanding, on the is this dispute merits or is it political because of the election . How much of this is gamesmanship, who gets the credit and who get the blame . Sen. Grassley polls show that the democrats are paying a bigger price for what happened last thursday, but it does not do much for people who are hurting. It does show that politics is being put above people. And even nancy pelosi rejecting, under pressure from the leftwing radicals in the Democratic Caucus in the house of representatives, she is putting politics above what is good for the people, when he rejected bipartisan agreement on something that could probably get a majority vote in the house. David let me ask a question, there will be a recess soon because people have to go back and campaign, so what are the chances of getting fiscal stimulus before the election, from 1100 . Sen. Grassley zero, unless nancy pelosi decides she needs something. She will have to sit down with the white house, but the white house has been making statements recently that would never get hardly any republicans in the house or u. S. Senate. This used to be the white house versus nancy pelosi, up until about now. Now, the president is saying, we can maybe go to 1. 5 trillion. But you better be careful because i do not think that that bill could get through the u. S. Senate. David that is really interesting, thank you so much. By the way, happy birthday. Is a special day for you and hope it is good for you. Senator Chuck Grassley there. Tomorrow, we will get the democratic perspective with nancy pelosi. On is balance of power. Bloomberg television and radio. David this is balance of power on Bloomberg Television and radio. It is time for the stock of the hour. Oracle is getting closer to a deal on tiktok as it works with dancebyte on terms from the government. Scarlet if you take a look at oracle over the past two days, it is in the red. Shares went to record high on this tiktok venture, so the story continues. The parties involved, we are talking about treasury, oracle and bytedance are closer to a partnership. According to reuters, one condition is the u. S. Based investors will own a majority of tiktok, that would cover oracle, walmart and the existing investors from bytedance. This is one of the sticking points, it cannot remain a chinese run company, something the president highlighted. Oracle has to walk a fine line because it needs both washington and beijings approval for the bid. The Trump Administration has gotten more stringent with its approval of deals, particularly any involvement with china. You can see over the years that the cases reviewed have gone down, but there have been more objections raised, especially in highprofile deals. Our understanding is the original bid includes access to review tiktoks algorithms, but not outright ownership of the technology. David do you have any idea on how the rest of the tech world is looking at this, that is to say, will other companies breathed a sigh of relief with this deal . Scarlet i do not know if anybody is thinking that way. The Trump Administration will always look carefully at anything that has to do with china. I do not want to use the word enemy, but it is an antagonist for him, so he will always be focused on that. They want to keep their head under the radar and proceed as normal. A lot of the discussion is how much an advantage oracle may enjoy because it is a big customer of the government. And founder is a friend of President Trump, donating to his campaign. David he has said that in the past few days. Thank you for that report. Next, get ready for more taxes as new jersey decides on new taxes for those making more than 1 million, and joe biden has his own idea on taxes for the whole country. That is coming up on bloomberg. David this is balance of power on Bloomberg Television and radio. Im david westin. News, weerg first word turn to Mark Crumpton. Mark President Trump would support narrow legislation to provide more financial help to airlines as they help to recover from the coronavirus pandemic. Thats according to mark meadows after meeting with industry executives today. He says the Industry Needs 25 billion and 50,000 jobs are at risk. Airlines including united and american have warned they plan mass layoffs in october. Global Health Officials are morning of what they call alarming rates of transmission of the coronavirus in parts of europe. The european head of the World Health Organization says the biggest jump has been in adults aged 25 to 49. He called for region two parked together in their response plan. Than19 has killed more 220 6000 people across europe. Britain is opposing tougher virus restrictions as the country to try to stem the spread of the virus before the colder winter months. The new measures include restrictions on social gatherings and ordering bars and restaurants to close early. Opposition lawmakers have criticized Prime Minister johnsons handling of the crisis and says his government lacks a cohesive plan to tackle a second wave of the pandemic. The Justice Department explored whether it would pursue criminal or civil rights charges against city officials in portland, oregon after clashes are brought to between Law Enforcement and demonstrators. A spokesperson declined to say whether charges will actually be filed. President trump has blamed the democrats and specifically pointed to portlands mayor, ted wheeler, who he says has not done enough to stop looting and unrest in cities across the United States. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. David thank you. Its election season and taxes are very much on the agenda. President trump insisting we need more tax cuts. Former Vice President biden saying we need to go the other direction to invest in the future. In the meantime, phil murphy of new jersey reached an agreement with legislators on a millionaires tax in his state. We welcome our political contributor, jeanne zaino. What about this tax issue . It seems to be real this time. Charm third time is that in new jersey. They were able to get a deal on what they call the millionaires tax. It took three times and also a pandemic and some pretty difficult fiscal times for them to reach this deal, which governor murphy have been pushing for, but the Democratic Legislature has held off. We are hearing that they are going to raise four residents making more than a Million Dollars a year to a higher tax rate. They are also in the deal, a recurring 500 a year rebate for families with one child and ifome less than 150,000 they are a couple, 75,000 if they are single. Probably a precursor of debates that will go on in the state depending on what happens in november. In particular of new york state, where the governor has resisted this call, it will certainly Gain Momentum following new jersey. David does it affect voters if they dont think that they are going to get taxed . Jeanne i think that for democrats in particular this is a welcome move in new jersey but i think you hear it from republicans and moderates and independents, they. The lead to an exodus of the highest earners in the state, and that has itself profound Tax Implications for the state. There are two sides to the story, and it is something voters will keep in mind as they head to the polls. Bernie sanders saying joe biden need to focus on the economy and how he is going to be a different voice than President Trump on the issue. Of course, joe biden has made this case but probably not as specifically as somebody like sanders or Elizabeth Warren may have. He is not going as far as they would have. It is still a contentious issue on the democratic side. Another poll out this morning saying that mr. Biden is ahead of mr. Trump by four points in arizona, a critical swing state. Absolutely. Joe biden appears to be ahead, but as you mentioned, there are six critical states in which this election is likely to be decided. Im sure that you will have nightmares of this but florida it looks like it may be coming down to florida once again. Arizona is certainly a key state, north carolina, and then the midwest states, pennsylvania, wisconsin, michigan. Is of the markers of that that the campaigns and their allies are spending most of their money somewhere upwards of 80 plus in those states as we get closer to the election. About to still has hunt at 68 electoral votes, but once again, donald trump is close to the swing states. If he runs the table, he could win those key states and pick up an enormous win in the electoral college. Looks like senator collins may be in trouble in maine. Graham mayat lindsey be tied in south carolina. And then you have mixed sally and kelly in arizona. Jeanne Susan Collins is down about 12 points in maine. Lindsey graham this was a lot long shot for democrats is now looking to be tied with his challenger. Of course you go out to arizona and kelly is doing very well. This looks like the democrats could the down ballot take the senate. As we swing back to tax changes at the federal level, it would require not just a joe Biden Victory but democrats taking the senate for any concerted change in the tax policy. Those down ballot races matter and awful lot from a policy perspective. David how important is the coattails issue . A chance that the democratic challenger goes up significantly if President Biden wins the presidency. Jeanne there is a big coattail affect, if you get a huge turnout on either side, you are likely to see voters vote not just for the top of the ticket but down the state lines. That is really important and a big joe biden turnout could switch the senate. It is very close at this point. We are seeing republicans very nervous. Democrats trying to push through in these states where they have a shot. Six months ago, we didnt think they had a shot of taking the senate. David always a treat. Our bloomberg political contributor. Coming up, we will look at arizona through the eyes of its former governor, jan brewer. This is balance of power on Bloomberg Television and radio. N and radio. David this is balance of power on Bloomberg Television and radio. Im david westin. There is no single vehicle more important for ford motor or for the north American Auto business overall in the ford f1 50 pickup. This fall it is undergoing a complete makeover and ford is giving it an allnew production home in the process. We talked earlier today with the president for north america and the International Markets group, kumar galhotra. Going to have a autonomous guided vehicles that the f150 will sit on that will go from station to station. It gives us a lot more flexibility in terms of how we process the line, process each workstation. That is just a part of the assembly line. The tools that are used to assemble the vehicle are much smarter. The tools can detect if there is a fault in the process while they are assembling the vehicle. It is a very unique combination of smart tools and a Smart Assembly line that gives us a lot of lex ability and makes the entire process much more efficient, and higher quality. Much more efficient, higher quality, what does it do to the workforce . Do you not need as many workers in this new way of assembling . Are still creating lots am also jobs in this country. Plant thatular small we are building on this large complex for better electrics will add 300 jobs to the local economy. But those are just the jobs in this particular complex. The Ripple Effect that our industry and our company has is quite enormous. Builds,yone marker that for example, and f150, comes into one of our plants, there are probably 14, 15 other jobs that are created as a result. For example, the overall fseries will be built in four Different Assembly plants over nearly 20,000 workers. If you look at the Ripple Effect that has, that is nearly half a million jobs throughout the country. To thecommitted manufacturing base, creating jobs every day. For example, our present from 2019ith uaw goes to 2023. During that period, we expect to create 85,000 jobs. Very committed to the american manufacturing. The allou mentioned electric f150, does not come out until 2022, but you are building a factory to produce the vehicle. How will that stack up against the competition that is already moving along . We have the cyber truck sometime late in 2021. Obviously subs segments to this pickup segment. Competitors that are looking at more of a lifestyle truck, i would say. But there is a very large segment for work trucks. We did a lot of research, we know our customers well. Our customers are looking for a vehicle they can count on to do specific jobs. That is what we are focused on. They are focused on total cost of ownership, for example. Total50 batteryelectric, cost of ownership will probably be 40 , 50 lower than a traditional truck. The availability of power is important. F150, youl electric can have up to 10 kilowatts of power available. You can power a job site your tools. We are going to have what some a truck. Ng once you remove the engine from the front, there is substantial room. Our customers can carry their tools, valuable equipment they want to lock down. There are several key features in the truck that are very important to this segment. Yes, it is different from the lifestyle segment, but important to our customers, and a substantial segment. David an important distinction because the ford f150, particularly for the construction workers, electricians, have been more than just lifestyle. As you look forward into the future, when will there be a crossover point between the traditional f150 that you have behind you, and the all electric . The transition from internal combustion trucks to all electric will take some time, but it is beginning. It is beginning right now. That is why we are making this investment. The kind of unique things that the electric power train will bring to this Customer Base is going to be very important to their businesses because it is lowercost to ownership, more diversified, and it is a lot of fun to drive. It will take time, though, it will not be in instantaneous switch. We will see how the marketplace reacts, and as volume grows, we will grow our capacities with that. It will take a few years. David that was my interview with fords president for north america, kumar galhotra. Tomorrow, we will be joined by House Speaker nancy pelosi. This is balance of power on Bloomberg Television and radio. Erg television and radio. David this is balance of power on Bloomberg Television and radio. Im david westin. This week, we are taking a look at the key swing state of arizona through the eyes of congressmen from both sides of the aisle, and yesterday with the secretary of state. Today we welcome jan brewer, the former governor of arizona. She served in the state legislature and as chairman of the Maricopa County board of supervisors. ,ive us your sense of arizona politically. There are reports that it is going from red to purple. Do you agree with that . N i think it is possibly turning a little bit purple in arizona. It is very discussable to us republicans but we have had a lot of people moving in out of california and other places, coming into the great state of arizona. Our demographics have changed. We have to take that into consideration when we are out there spreading our message about conservativism. Arizona has always been a conservative state. I think it probably will remain conservative. I am hopeful of that. But we have big races on our hands. I know the election for the president is tightening, for the u. S. Senate. That race is very frightful. We have to really get out there and spread our message. David lets talk about the presidency. There was a monmouth poll out today that had the former Vice President four points ahead of President Trump. Do you miss trust that paul, what do you see on the ground . Have read a lot of holes in our lifetime, they are not always correct. Four years ago, they certainly were not correct. I dont see the excitement here in arizona rising with joe biden and his campaign. It is not here. There is no activity going on as far as on the ground, as far as im concerned. I am in the public a lot because im retired. I am out there talking to people all the time. There is a lot of excitement, and that has been shown with President Trump. He has spent a lot of time out here, his administration has spent time out here, and the excitement is at a very high level. We cannot take it for granted, we have to continue to work really hard, and we have to really point out the differences between the democrat Vice President biden, and our President Trump, and all that he has accomplished to lead this date forward. David there are a fair number of stark policy differences between the candidates. Give us a sense of which are the most important . Four years ago, immigration was a big issue for President Trump. I have seen in Maricopa County, which you know well, the views may be shifting on immigration. Is that your experience . Are i think people shifting, the president has done a good job. He listened to us, he got our borders secured. We have seen illegal immigration kind of halting on our border. The Border Patrol have been wellfunded. That issue is not the number one issue anymore, i dont think. I think the number one issue, as always, is the economy, jobs, unemployment, and certainly covid19. Right now people are very concerned about covid19, especially the older population. People want to know that when we get past this pandemic that we will see President Trump return to where we were in the beginning, and how he turned our country around with jobs and the economy and bringing manufacturing back to our country, doing what he did in israel with he did with the embassy, those kinds of things are very important to our population. David as you suggest, the polling suggests the economy ties closely with covid19 is in voters minds across the country. What is President Trumps reputation in arizona with how he has handled it . Nationally, he does not get high remarks. Jan in regards to the economy, i dont know how anyone cannot give him high marks. He has increased the job market, lower taxes, people were able to hire more people. Then the pandemic hit. If we could return to all the good stuff he was doing and nafta,g the usmca from first. W, making america that is what people in america want. They want us to take care of americans first. David you make a good point. I put two things together. On the question of handling the economy, President Trump still has a narrow edge over Vice President biden. But on covid19, the president does not get high marks. There is a lot of doubt about he hit how he handled it. Is that true in arizona . Volatile is such a issue, people are afraid, people are scared. People dont get enough information, there is so much conflicting information going out. That is when we have to step up, as we should, and take care of ourselves and study it ourselves. It is a very complicated and ugly situation for everyone, but President Trump has stepped up. He has really brought things into arizona that we needed during the pandemic quickly and fast, ventilators, support, sending money, getting unemployment up for people out of work, making it available for people to be able to go back to work, so businesses can start slow but still keep it under control. It has been hard. Arizona was hardhit. I think bieber the seventh hardest hit state in the country. We really felt it here. But things are turning around. If the vaccine is available shortly, i think that will really make a huge difference. He says ito potus, will happen soon. David that is what he says. You mentioned the senate race between senator max allie and mark kelly. Two veteran pilots. The poles have been rather stubborn in showing mr. Kelly above senator max allie. What do you think about that race . Jan im very disappointed, i know senator max allie very well, she is a hard worker, i know what she stands for, she loves arizona. I think she will have to work hard to continue getting her message out there. She is from southern arizona. Down there they are a bit more liberal than we are in the northern part of the state. Sometimes that is held against her but we keep telling people, she has been very active. I know mark kelly. What does he stand for . I dont know. He was asked or not, thats about all we know. Independentas an expenditures to lie about martha mcsally. Im hoping that the people of arizona do their own research and do the right thing and elect senator mcsally to the u. S. Senate. We lost one of our senate seats, we cannot afford to lose another one. David what accounts for mark kellys superior position in the polls . Jan a lot of it comes from his wife, gabby giffords. She was beloved in southern arizona, certainly when i was governor, she was shot in that well notaccident accident, purposefully in tucson. She became like a hero. But i served in the legislature with gabby giffords. She is a very nice person but she is liberal. So is mark kelly. You are not going to stand up and be a conservative voice for arizona, for business, for the people. David we will all be watching arizona in the election for the National Election and the senate. Thank you for being with us. Coming up, balance of power continues on bloomberg radio. We will be talking to Catherine Baker of the university of chicago about what the problem is with the Health Uninsured in this country. This is balance of power on Bloomberg Television and radio. You can go your own way go your own way your wireless. Your rules. Only Xfinity Mobile lets you choose shared data, unlimited or a mix of each. And switch anytime so you only pay for the data you need. Switch and save up to 400 a year on your wireless bill. With the carrier rated 1 in customer satisfaction. Call, click, or visit your local xfinity store today. Mark im Mark Crumpton with bloomberg first word news. Russia is trying to keep joe biden from winning novembers president ial election. Fbi director Christopher Wray today warned russia is using social media to sow discord in the u. S. , primarily to hurt mr. Biden. He testified to a house Homeland Security committee today that russia views biden as part of an antirussian american establishment. Ray says china is also trying to interfere. Date before new York City Schools were planning to reopen for in Person Learning, mayor de blasio has pushed back the plan. Elementary students are now slated to start september 29. Middleton High School Students will go back to in Person Learning october 1. Mayor de blasio says the biggest obstacle to reopening is a shortage of teachers. There are also concerns about ventilation in the citys school buildings. Health officials in arizona are concerned about a spike in coronavirus cases. The state reported more than 1700 new cases today. That is the most in one day since august 1