World. India is expected to become the pandemics worst hit country in the coming weeks, surpassing the u. S. , where more than 7 million cases have been reported. A lack of social distancing and mask wearing is hampering containment efforts. According to a new book from a former staffer, President Trump considered naming his daughter ivanka as his 2016 running mate before nominating mike pence. Revelation comes from rick gates, who in the summer of 2016, was the Deputy Campaign chairman and later became a star witness in the collusion investigation. 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. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories from around the world we are following. Stocks are higher around the world as we approach months and. After four weeks of declines, will we see a sustained rally, even with alexion and covid risks on the horizon . Trump with an additional subject to prep for tomorrow nights debate. His taxes and how he handled them. Questions following a New York Times expose on how the president handled his personal finances, even during his stewardship of the country. As more students return to classrooms, we explain the role that children and adults play in the spread of the virus with dr. Megan collins. It is green on the screen, a couple of days left in september trading but the dow is the outperform her thanks to boeing, up 1. 9 . The s p 500 is up 1. 6 . Boeing said that it would make more cuts to staff than anticipated and to some of those in the c suite. The dollar index, weaker today, although some strength for the pound sterling, up. 8 . By . 29,still higher 49. 54. For more on the Global Equity rally, lets get to dan. Thanks for joining. Thatthis rally inspire you we will see more boost to equities in the days to come, or is this a onetime phenomenon . Dan thank you for having me. We are seeing a bit of a bounceback from the 10 correction that we experienced over the last four weeks. We thought that was healthy, that markets needed to work off some of the excesses. Markets were frothy, a lot of bullish sentiment. Remains to be seen whether the 10 drawdown is enough to correct some of those excesses. We think that it has helped. Vix at we are seeing the 26, so not as elevated as it was. Change whatate to has been a winning formula presumably . Take a generally longterm approach to our Investment Strategy and our overall asset allocation. We maintain an overweight to u. S. Equities for a period of time and we dont anticipate making any dramatic changes. Vonnie what happens when we get further into election season . Be asleep fewer than 40 days left but we are starting debates now, and again, a lot of event then,etween now and including a potential new Supreme Court justice who may have an impact on things Like Health Care stocks. What are you doing with all of those political risks . Dan we think there are political risks, dialing up the uncertainty in the market, but if you look back, the bullish yeezus is still largely intact, underpinned by massive monetary stimulus, record low interest rates, resilient corporate earnings, economic reopening traction. We think Corporate America is going to be able to navigate either outcome. To take it is important a step back and look at these outcomes and take a longterm perspective, which is usually the best approach for investors. Vonnie as you look at your allocations, tell us what they are. Obviously attracted to u. S. Stocks, but are there particular areas that are more or less attractive . Our when i mentioned overweight view to u. S. Equities, it was in comparison to international or emerging stocks. Still a lot ofis attractive opportunities in overlooked sectors. Financials is one. We have the big banks trading at 11 times earnings, paying investors 3 dividend yields. We are starting to see massive declines in earnings in 2020 but we expect to see pretty strong rebound in 2021 as well. Certainly, pockets of the technology sector, which are traded at significant discounts to the broad market, tech sector in general. Vonnie whered you go at the moment if you want to be a little defensive or find a hedge . It seems like the classic hedging strategies are working less well these days. Approach isral, our to buy stocks trading at attractive valuations with potential to grow earnings at term. Levels over the long we still see plenty of those opportunities out there. We think a lot of the traditional sectors that would be hedges like real estate, utilities have gotten very expensive. It is difficult to pile into those sectors at this point. You see in general terms a move higher may be interrupted from time to time . Does that also include the fangs . Have they seen their best days . Dan very difficult to call that. We have seen the tech sector lead to the downside with a pullback we have seen here at the end of september. With such a large weighting of of tech stocks, especially fangs, it will be difficult to see the market make and under directed move higher without those tech stocks dissipating. Youie finally, do anticipate that until we get some kind of vaccine that we will see the same kinds of themes on a daily basis . Off. At home, then selling stocks that are exposed to covid in a negative way, like travel stocks, will continue to selloff . What i would say is, so far this year, we have seen an unprecedented gap in performance between growth and value. That has been about 36 percentage points. We are looking to see that somermance cap close to degree. We think there is plenty of catalyst out there to close that gap, even besides progress on the vaccines. Vonnie thank you so much for joining us. That is dan eye. Coming up, taxes and the audit. How the narrative is shaping up before tomorrow nights big debate. This is bloomberg. Vonnie this is bloomberg markets. Im vonnie quinn. President trump with an additional subject to press now before tomorrow nights debate with joe biden. His tax returns. Is the us with more Renaissance Macro research had a policy steve pavlick. There is a lot in here that is knew,ome that we already but there are some things that joe biden could bring up if he wishes to. Is that the right strategy . Steve i think you are right that most people have made up their minds about trump and his tax returns. Im not sure that they will move the neyo too much. I think the timing is likely to give barden the opportunity to use it as a talking point in tomorrow nights debate and undermine his appearance of being a successful businessman, to erode his support on the issue of the economy, which most polls is saying is their top issue heading into 2020. I think biden is hoping that might appeal to battleground states, voters who are inclined to pay taxes. Trump supporters will point out most people dont pay more taxes than they are required to. This reported not reveal any connections to russia, which despite earlier reports, suggested there was a relationship. Also if you are a supporter of trump, you may point out that the New York Times also ran an someurate story about stories that were not cooperated. Corroborated. Vonnie the medical story aside that is a separate issue, we will deal with that another day. Lets stick to this expose. I am sure you are right, many Trump Supporters would expect him to use the tax code to his advantage, but at the same time, he makes the argument that he paid a lot in state and local taxes, so why is he try to play both sides . Saying im a good citizen, i have paid lots and other taxes, just not federal ones. Is that a wise strategy . Full we dont know the context of what the New York Times provided, full context of what his tracks returns have been so far. He is trying to play it correctly. I provided what was expected of me, millions in tax. Outhe same time, pointing doesnt make sense to pay more than is required . Thate it is also the way he represented himself in getting loans. If you are not able to repay loans, if you are not meant to get a loan, you are not meant to put mystifying valuations on assets, or say that you own assets that you dont own. Is this going to come back to bite the president when these loans come due . More than 400 million, others say more likely 1 billion . Differencee is a between tax avoidance and tax evasion. The Trump Administration is clear that tax avoidance under legal means is a preferable strategy. Vonnie do you not think i know im you a little bit that while his supporters may not have any problem using the tax code to his advantage, they will be a little bit disappointed that the man on the apprentice, making half of what he has made over the course of the last 20 years from the apprentice, is not the brilliant businessman that he portrayed himself to be . Steve again about the proper context as to what the trumpet organization was taking in. I dont know that you can draw that conclusion. People will see that all the tax returns, that may have forced them to take a loss in these areas, which just furthers his reputation and appeals to his supporters that im doing this not to enhance my own riches but rather to represent your views and fight for you. It could actually help him with his supporters. Vonnie you are saying he chose to take a loss on things like is golf courses . Steve potentially. He talked about this through the campaign. That becoming president was an Economic Hardship for him. That if it was just maximizing his value, the coming president was not in his best financial interest to do so. Right now, we are not seeing a whole lot of detail from joe biden. We are seeing things like lets unite the country, complaints about President Trump, but not getting a platform. Do we need to see one soon . Steve i think biden will have to come out more definitive and be clear about where he stands on certain things in tomorrows debate. I suspect fox news Moderator Chris Wallace will press them to be more clear about where he stands on certain social issues like the Supreme Court. There is also a segment on the protests where biden will have to thread that political needle of trying to appeal to his progressive base and moderates without offending one of the groups. He should be more clear about where he stands on these issues. Hopefully tomorrow nights debate will provide that additional clarification. Vonnie does anything change in terms of undecided voters between now and the election . Have all the voters that are going to be counted, have they made up their minds . Steve pulling suggest that is the case. About 10 undecided remaining, so you will not see a lot of movement in the polls after tomorrow. In terms of appealing to the undecided voters, that is critical. That can make the different between winning or losing at the margins in these battleground states. You bring up an important point. What is the electrical to look like in 2020 . With coronavirus, uncertainty around mailin voting, peoples willingness, Comfort Level to go to the polls to vote is unknown. That is something that is difficult for the polls to forecast. Something that we have not seen in recent times, so difficult to know what the 2020 election will look like. Vonnie thank you for joining. Always a pleasure. Policy expert at Renaissance Macro research. I want to bring you some headlines, Governor Cuomo is giving a news conference. Seventheeing the consecutive increase in hospitalizations in new york. Of those hospitalized. In better news, Governor Cuomo evictionded the moratorium until january 1. So another three months of moratoriums on evictions in new york. Stay with Bloomberg Television today and tomorrow night for coverage of that first president ial debate, beginning at 8 30 new york time. Try tohead, as schools reopen, how this year will impact due to its with dr. Megan collins with the Johns Hopkins school of Public Health. This is bloomberg. Vonnie this is bloomberg markets. Im vonnie quinn. President trump giving an update on the countrys testing strategy at 2 00. This comes as schools continue to try and reopen as the spread of the virus continues, including more cases in new york city today, and more hospitalizations for a seventh day in a row. Collinsus is dr. Megan from the Berman Institute of bioethics. Dr. Collins, it is a nightmare for everyone involved, students, teachers, unions, to the state and local and federal politicians trying to make sense of what to do here. What would your recommendation be at a broad level for everyone involved . Collins absolutely and this is one of the most consequential decisions of our times. You have to think about it in the context of schools being such an important source of not only learning but also for safety and security during the school day, children of essential employees, Food Security for millions of children across the u. S. With schools being in this limbo state of should they open or close, everybody is in a bind right now. A parent ors teacher or School District leader, union leader, everybody is struggling with the safe thing to do. At the center of this, we have to do what is safest for our children and make decisions informed by the science, with a recognition that things are changing and evolving and our knowledge of covid transmission and how to keep kids safe will continue to change. We will need to modify protocols as we go. Are 55 million k12 students across the united states. People a lot of anticipating that the president will announce the federal government will begin distributing rapid coronavirus tests this week for this particular age group of children. Enough,e tests quick are they trustworthy enough . Is it possible to administer them effectively enough to get kids healthy and back in school as they are . Dr. Collins there are a number of metrics to consider about reopening schools. Nine out of our 10 largest School District in the country are completely virtual, with new york being the first to start some inperson instruction for the lowest grades. To dogeles unified trying schoolbased testing for its kids so that they can resume in classroom instruction. To lower rates of Community Transmission and ensuring you have adequate personal protective equipment and other Risk Mitigation measures at school to make School Safety reopen, you also need to have access to testing. Testing that is reliable and has a quick turnaround. Right now we have some kids waiting for tests for over a week. Kidproblem is if you have a suspicious of covid and you pull them out of the classroom, if anybody was exposed to them, you could shutdown classes for seven to 14 days. This will be really important to helping us get schools open. With your background as a bioethicist, who should be making these decisions, school unions, and sybils of individual schools, federal government . Dr. Collins it has to be a collective effort from Public Health leaders, Infectious Disease experts, public educators trying to figure out what is safe and best for our students. Vonnie appreciate your time and your work on these difficult subjects. Our thanks to dr. Megan collins of Johns Hopkins school of Public Health. The Johns Hopkins school of Public Health is supported by michael bloomberg. We will be bringing you President Trumps comments at 2 00 p. M. Eastern. Coming up, President Trump picks Amy Coney Barrett for the Supreme Court. With just weeks until the election, we will discuss the choice with doj spokesperson michael gordon. Also keep an eye on the markets with some monthend trading. Some indices up more than 1. 5 . This is bloomberg. Mark im Mark Crumpton with bloomberg first word news. A report claims President Trump pay just 750 in u. S. Income taxes in 2016 and 2017. According to the New York Times, the president reported losing millions on his golf courses, plus he reportedly has hundreds of millions in debt coming due the next few years. In a tweet, mr. Trump called the report nonsense with illegally obtained information and only bad intent, adding he paid millions in taxes. Tenant republicans have signaled there will be a quick confirmation process for Supreme Court nominee Amy Coney Barrett. Humans will begin in two weeks. President trump is optimistic that baruch could be seated on the high court before election day. Are surging ines brussels at a much higher rate than the rest of belgium. As a result, effective today, bars and cafes in the city would have to shut between 11 00 and 6 00. Other businesses selling food and drink will close earlier and eating at Street Market is now forbidden. The move comes as the Positivity Rate in brussels hovers at about 10 , more than double the national average. Almost 200 thousand people in Northern California had their power cut because of the threat of wildfires. Pg e is trying to keep its powerlines from starting new blazes. The utility went bankrupt last year after its equipment ignited catastrophic fires. Wildfires in california have burned thousands of acres in the last month. 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. Amanda live from toronto, im amanda lang. Welcome to bloomberg markets. Vonnie im vonnie quinn in new york. We are joined by our bloomberg and Bnn Bloomberg audiences. Here are the top stories we are following from around the world. President trump puts forward Amy Coney Barrett for the Supreme Court. We will discuss the nominee as democrats look at a strategy. Epic app store battle. The battle between apple and epic games kicking off in court today. New scrutiny over President Trumps finances, implications for the coming debate, as the New York Times expose showed the president paid little to no taxes in the last 15 years. We have markets in a more positive frame of mind today. Solidly positive in the s p 500. Every subgroup higher today. I look at the leaders give you a glimpse into the sentiment here. It seems to be about broadbased enthusiasm for economic growth. Energy and financials are the big movers to the upside, chased by industrials. All of that could be because of optimism around the stimulus package that could be on the way. The fed ready to be in easing mode. Even with these advances across tracking, we are still for potentially the first monthly decline since march. We are seeing buying off of a week spot, but we should keep in mind the context of where we have been. Some of the turmoil remains political. We are told to expect that right up until the result of the election. We now have some resolution on a replacement for the late justice ginsburg. We heard from President Trump that he will name Amy Coney Barrett. Here he is speaking in a ceremony on saturday. She is a woman of unparalleled achievement, towering intellect, sterling credentials, and unyielding loyalty to the constitution. Judge Amy Coney Barrett. Welcomefor more we michael gordon, a doj spokesperson. Obviously, this will be a fastmoving process. Give me your best case of mary on what happens here. Do we get nine justices in place . The first important decision they may have to deal with is the resolution of an election. Michael republicans are currently planning to have a boat the friday before the election, in which case the ninth justice would be seated in time. A lot could happen to change that. Haveepublican senators said they are not comfortable moving forward before the election. They think the new president to choose the replacement because that was the republican position four years ago when there was a vacancy much earlier in the election. The democrats have a couple of options to get the republicans delay. They can talk about the substance such as health care and the change that a new justice may bring, and they can talk about the process, how the republicans have changed their positions. Those are the things that they can put pressure on republicans who have not committed to the timeline currently being proposed. Vonnie we should mention that you are a democratic strategist, you obviously know how these things go, have a lot of experience. They have another choice and that is to renig doing anything, doing nothing. Michael i am hearing the democrats will participate in the hearings, they will ask the hard questions that they want to ask. Small a very smart number of procedural roadblocks that they can put up. At the end of the day, the republicans have the boat if they want to confirm her on the timeline. The issue is whether they can put pressure on a couple of republicans who have not fully committed. Two republicans have fully committed to doing it after the election but they need four. Sense can you give us a of the strategy around how this may play out as an election issue . Is it good or bad for either side of this may well be a live issue right up until voting day . Michael it is interesting to me. Republicans have made a choice that they would rather have a Supreme Court justice than the white house and senate. In my mind, if this were all to happen after the election, that would help them because that would keep their base energized, keep all of their people coming to the polls, supporting both President Trump and republican senators in tough races. But by having the vote before the election, some members of their base may be like, ok, we got that done. And they may not show up to the polls because they will not feel as much of an urgent need as they will come election day. Big picture, the president ial race there has been a lot of drama around it, but it has been pretty much locked in for several months. I dont see it having a huge impact on the president ial but i do see it having an impact on control of the senate and several tight races there. Vonnie if that is the goal, to do as much damage possible to stripping the senate, what is the best strategy, aca . Michael first, health care for sure. If the aca is kicked out by conservatives, there is nothing to replace it. It is one thing if they had something there to replace it that was better, cheaper, more effective, covering people, covering preexisting conditions. But if it is thrown out, it is done and there is nothing to replace it. Controlling is congress and cheer will have to pick up the pieces. Lever number two is process. Generally, process is a huge loser for the democrats. They frequently run the argument and it does not read well to the american people. Process for picking a Supreme Court justice is pretty simple. Four years ago, the republicans changed the rules so that they would prevent president obama from appointing a Supreme Court vacancy during the election year. That was a republican rule, it was new four years ago. This year, they changed it, because there is a republican president , and they are brushing somebody through much closer to the election. The only difference is that there is a republican president , not a democratic president. That is something that will upset a lot of voters and strike them as unfair. So it is twofold. Amanda you could make the case that americans have been coached in cynicism for a good four years and that each step it only gets worse and worse. There is a question about whether a joe biden presidency would stomach an expansion of the court which would be a reasonably cynical move. Do you think, given everything that is going on, that is an option . I know a lot of folks would have to go their way for it to happen, but if they could, is an expansion on the table . Michael of course. Ending the legislative filibuster is on the table. Changing the rules of who sits on the court is on the table. It is pretty sad that we are at this point because the country is so divided. Its about power grabs, and frankly, it is on both sides. It is a shame, but of course, if the republicans take this step and basically steal a Supreme Court justice from biden, and the way they stole one from obama, using different rules in each case to do it, that the democrats will consider responding in kind. On the other end, you say biden is reluctant to do that, it will take up a lot of oxygen and prevent more substantive things that i need to accomplish from taking place. It is something they will absolutely consider but to say that they will absolutely do it, it will take a cost because it will be controversial and will take up your time. Theie there is talk about Supreme Court being only one branch of government. May be the value of worrying too much about it if you are a democrat, in the sense that as the country goes, so does the Supreme Court in a lot of cases. Michael yes and no. If barrett is concerned confirmed, we will have five Supreme Court justices who were appointed by a president who did not win the majority of the vote. Whom were confirmed by a senate not representing a majority of the country. The Supreme Court invalidates laws sometimes that are passed by congress. My greatest fear is that, while they say they do not want to be judicial activists, they do become judicial killers, in that they kill laws passed by congress and signed by the president. They take the if white house and congress, have a lot of work to do. They want to improve health care, expand it, they have work to do on the virus, economy, gun safety, climate change. There is a lot on their plate that has been pent up. The fear is that the Supreme Court, which is the final authority, could invalidate one or many laws passed by congress. I hear your point, but its a real concern whether that will come to pass. Vonnie thank you for joining us and giving us your time. Former spokesperson and principal for group gordhan communications. Stay with us tomorrow night for special coverage of the president ial debate beginning 8 30 new york time. Coming up, discussing the legal battle between apple and epic. This is bloomberg. Vonnie this is bloomberg markets. Im vonnie quinn in new york. Time now for your stock of the hour. Apples new phone launch may be around the corner but news leaked of manitoba 13 event. Abigail doolittle has more on what that may mean. Abigail the stock is higher by 7 over the last three days. This is the first time we have seen apple up three days in a row since august. The case could also be made that some of this is technical buying after selling. Relative to that iphone 12, Bloomberg Intelligence thinks it could be a big winner. 221 million iphone users are estimated to be sold in 2021. If that happens, it would be the most sold going back to 2015. Again, the iphones well, if released on october 13 with a possible availability date of week later, is expected to be a real blockbuster. Numbers, apple this year is so perplexing in some ways but it is considered to be a defense. Apple is typically a Growth Technology company but they perform very well over the virus. Back in the march quarter, growth stalled but still positive growth, up 1 . In the june corner, up 11 . What we are looking at for the fourth quarter, the september quarter, down a little bit. There is no guidance, so we dont have any good look threw two that. Look at the december and march quarter of 2021. Big growth. Investors continuing to believe apple will do well through the pandemic and that the iphone 12 could be a piece of it. A fair amount of volatility there. How does that fit into the picture . Abigail it is Pretty Amazing the volatility we have seen in this stock. For most of september, the stock has been down, but as i was mentioning, the last three days have been higher. Apple trying to come out of this trough. If we go to the terminal, apple is doing something that i have never seen them do before, at least in my memory. The stock is now above the 50day moving average without testing the 100 or 200day moving average. That is a way of saying that the wabnt in. Dip buyers apple may continue to rise perhaps into that iphone launch and even their Quarterly Report on october 30. Vonnie thank you so much for that. Ing up, president s tax returns. Tim obrien joins us. Amanda this is bloomberg markets. Im amanda lang in toronto. Of controversy about his tax filings, President Donald Trump will see them splashed across the New York Times today, along with reports that he paid as little as 750 in income taxes in 2016 and 20 17. So where does it go from here . Tim obrien is bloombergs executive editor. Lets start right there. How big of a blow, what does this mean, what is the next leg of this story . Tim i think it is twofold. A lot of americans and voters will have to look at the issue of a president who engineered the most massive one of the most massive tax cuts in the payingrld war ii era is no taxes over several years and only 750 and federal income taxes the year he was elected. Voters can understand when people use the tax code aggressively. They dont have the same sympathy when they feel the tax code is unfair. Trump went to washington saying he would defend the little man and the little woman, but he is feathering his own nest. I think thats an issue. The other thing that came up and all of this is the amount of debt he has, and whether that will put him in a vice going forward, given his primary businesses that he thrives in, commercial, residential real estate, travel and leisure, are all getting hammered by the coronavirus pandemic. If he has a debt burden that becomes unmanageable because of all this, it exposes him to for an influences, if he is looking for money overseas. So that is the National Security issue. Those are the two big things to come out of this. Vonnie he seems to find ways of not making good on many of these loan throughout the year. Why should post coronavirus be any different for the president . He needs the funds to pay the debt down. Donald trump, from the mid1990s until recently, most of the major banks in the world would not do business with him because he walked away from his debts in the early 1990s. You can burn banks wants but not repeatedly and stay in business. Certainly not his children either. I dont think he can civilly walk away from the stuff. The amazingof things about donald trump throughout this whole presidency has been his ability to get his supporters to ignore major faux some may call them other things. Is it possible this may fall into that category . Son who shrug their shoulders at this and shrugged their shoulders, good on you for avoiding taxes. People will just accept this as something done and over. Undoubtedly, his core base of voters, the 30 or so that stays around, are going to stick with him through thick and thin. I think trumps opponents and critics will not care about this either because their opposition is already baked in the where this matters are the people in between the poles, and those are the ones that will make a difference in the six or seven swing states like arizona, north carolina, wisconsin, pennsylvania, michigan, that trump really need to get over the top. This matters to them. We have seen in other elections, places like wisconsin, issues of tax equity and income inequality have been a salient campaign issues. This could hurt trump significantly with voters. Vonnie one of the interesting things that came out of the expose and as you have already said, lots of details that we already knew or knew the outlines of but the amount of money he got from the as you say, at best he is a haphazard businessman, at worst, serial, artist. Is there anyway for detractors, those that want to bring him him or clawback some of the profits that he made mr. Something himself misrepresenting himself . Tim i dont think that is where the soft spot reminds for him. That money is in the bank, it was a tv contract. It is clear the character he played in the apprentice was not close to the person he was in the real business world. But there is a lot of information, these tax returns will be of interest to the manhattan tax attorney who is in motion right now on a tax and accounting Fraud Investigation him liable. T holds the Supreme Court said recently that prosecutors can get a president s tax returns. Now the New York Times has evidence of what will be fodder for that action. I think that is top of mind for trump. Quickly, how big of an issue is this for trump as an election issue . Again, i dont know how much it will move the needle. I think this is a legacy issue, Law Enforcement issue, and probably will be an election issue for a narrow swath of swing voters. Vonnie always amazing to get your opinion, tim obrien. Do follow him and get his updates whenever he posts a new column. Also the author of trump nation the art of being the donald. Right now, indices are up 1. 5 . 1. 8 on the s p. Off to a firm start to this week. Upon a week in september. From new york and toronto, this is bloomberg. Mark this is first word news. At least five civilians killed and two others wounded after a rocket targeting in the Baghdad International airport struck a nearby residential area, according to iraqi officials. Attacks have become more common, often targeting the u. S. Troop bases and embassy in baghdad. The frequency has prompted the Trump Administration to threat to close its Diplomatic Mission in the iraqi capital. The u. K. And European Union are starting a crucial week of brexit talks. Eu officials are stiffening demands over how any trade deal will be enforced. The british Prime Minister is not trusted by the eu because of his attempt to rewrite the exit agreement, still both sides are holding out hope a deal can be reached. President trump is denouncing a report on his taxes as fake news. According to the New York Times, he paid only 750 in u. S. Income taxes in 2016 and 2017. The paper says he squandered millions and faces mil