It is presumed that he may exit. We will see huge election , insures upon the president uproar last night. I cannot convey coasttocoast the uproar of his road trip taken in the evening here of a perfect east coast autumn day. But i would also focus on the rest of the world, and the news out of paris to me is distressing with the debt is locked down the right word . I dont know, but there are some strict things happening in paris. Francine lets call it restrictions, extra restrictions also happening in london. We have part of new york where we see School Closures and restrictions, but this will be something in the next couple of months that we will have to watch out for. It is the first time we have seen aggressive restrictions from certain officials. Lets get straight to first word news in new york city with ritika gupta. Ritika there is confusion over how President Trump is being treated for the coronavirus. In public, his doctors remained upbeat. One says the president could be released today from the Military Hospital in maryland where he has been since friday night. Another says the president has been given supplemental oxygen and has received medication typically used in more severely ill patients. Meanwhile, the president unexpectedly left the hospital to greet reporters, who had assembled. He waved to them in a bid to demonstrate strength. Joe biden leads President Trump by 14 Percentage Points in the new wall street journal poll. Hisns 5339 lead is biggest of the campaign. Voters were polled after tuesdays debate before the president was hospital for coronavirus. In the u. K. , Prime Minister boris is warning the republic liesa very tough winter ahead. Johnson says he accepts people are angry with the way he has handled the pandemic. He told the bbc it is going to be a bumpy christmas, and it may even be bumpy beyond that. Global news 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries, im ritika gupta. This is bloomberg. Francine . Tom . Attentionix signals that we have seen on friday. Futures up 16, dow futures up 1. 49. The vix turning right now, 29. 38. In the bond market, yields lifting, 30year bond. A 10basis point move over the last number of days. , the real yield. 94 to start the week. Sterling, 1. 2961. Francine the currency, movesally sterling, only depending on football matches. Good to remind our global audience that it is about brexit and it is going to be two weeks of intense negotiations. Overall, Consumer Companies and banks are leading this among european stocks, equity in asia. We are also looking at crude Oil Rebounding from a threeweek low. Golddollar, and general haven assets dipped lower. Thats why i wanted to show you a couple of a couple of the market moves that we are seeing. You could see it on tv. Joining us to talk about the markets, to talk about the President Trump prognosis and what it means for assets is kit rout chiefiete generale investment strategist. If President Trump gets released today, does it have much impact on markets anymore . Think it does boost sentiment. You can see where we were seeing high volatility, strong yen, weaker equities on friday, in a pretty way everything is better this morning just because the prognosis is so much better, and i think if he does go back to the white house, certainly in london, Boris Johnson spent a long time in hospital Getting Better and everyone got themselves very worried, and i think the market was say yes, we can get back to the election, we can get back to will there be a fiscal deal, and get back to normal. The only difficulty is when we get back to that, we have got four weeks of election politics, uncertainty about fiscal policy, in a market that sees the democrats a long way ahead in the polls, threatening clean sweeps of the election. So quite a lot in terms of focus. It makes me think there is plenty of uncertainty ahead. Francine give us a sense of what you think the market is pricing in ahead of the election . The market must be pricing in the possibility of a biden victory, because that is what the polls say. I dont think it is pricing it incompletely because we have learned for the last four and a bit years to distrust opinion polls. It is pricing and more fiscal accommodation, most of all, more than anything else, the market is pricing in the fed having the markets back with extraordinary policy. Ative think thats where i think you can get uncertainty is the potential switch from republican to democrat, in terms of the nature of fiscal policy in particular. I know that that is not price in net all yet longerterm. Thisi thought your note weekend was extraordinary. You always are strong, but particularly with what they are doing, your note was focused and just smart, smart, smart. I love the idea of the reverse of japanification. We are in a now. Flationary area right how do we reflate . Reflatehave to fiscally. I think that is the most important piece about this. We are going to see a significant change. If you like, we are going to have to go back to the postwar years, back to the 1950s when we did a lot of things. In this country we made the u. K. A better place for everyone. With what we did on health care, with what we did on education, with what we did on trade unions. We lost it in the 1970s, but the first of that was all positive. We are going to do that again this time. And in the United States you will do that as well because you have the financial capacity. That will reflate over time for sure. It is this shortterm peace where we are now, where we have gone from financial crisis to pandemic, which is monstrous. But that is the now. Tom i get the idea that we clear the pandemic and we move on and we all have to agree to a reflationary world. At one level of reflation do we get to add toward a reflation panic . I cannot gauge that from any kind of 60s any kind of history from the 60s to voelker. At one level at what level do i get to say, oh, thats reflation . Kit you start to pick it up when you start to see the kind of things we saw in the 1950s and 1960s, the share of the pie that was going to the novel worker, everyday family was picking up as opposed to the share of the pie that was going to the owners of the capital. That is what made the postwar period so much better than the 1970s. Tom thats brilliant, absolutely brilliant, but does technology preclude that . Are we in a new era where technology and gains in technology blocks increasing or soon reversing increasing labor share . Kit it has been blocking it. What the adjustment is relative to here and now. Technology is ultimately why the 19th century saw no increases in prices in the u. K. For 100 years, so i would not lock it, but once you empower, what you have governments that want to make sure that the revenue is shared out amongst society, once that is the focus, government has control, not central banks. There are other things that they can do, but i think that history would definitely say, you know, that in the end you get inflation because of government intervention, without a Central Bank Standing in the way. Francine is it becoming more like japan is becoming more like japan a bad thing . As long as we can limit the number of people losing their jobs . More like japan is a bad thing in europe, which is where it is most relevant today, in the sense that what happens to Monetary Policy is that if you disconnect Inflation Expectations downwards, which they are really threatening to do in the eurozone now, over the last weeks data, then real yields, tom was referencing them, they go up and they send your currency up and they squeeze you, and it is very hard to get out of it. That is why the emphasis is, i need government, not central banks, to solve that problem. I have optimism about what central governments can do. I have some in the u. K. I am really nervous about whether europe can grasp the fact that reflation needs government involvement, not more of the same from the European Central bank. The danger is that we get a very strong euro before they learn. Francine thank you so much. Kit juckes stays with us, and we will have plenty more from kit juckes throughout the day. Coming up, the chicago fed president , charles evans, and 11 30 am interview at in new york, 4 30 p. M. In london, and this is bloomberg. Tom good morning, everyone. Bloomberg surveillance. An eventful monday here, 10 days until the next president ial debate if it occurs. We will have to see how that unfolds through the week. Off the jobs report friday, a quieter economic week. Lots to talk about. We have been talking with kit juckes of socgen about the disinflationary trends out there, and maybe a more 60,000 foot discussion about the past reflation. 60,000 feet to 60 miles an hour down the alpha road. How do i make money now . Forget about the defensive in the political mumbojumbo. How do i optimistically Place Capital to place alpha by the end of the year . Did i sound like an institutional guy there . you did. Kit you did. I am feeling very nervous about this kind of thing. I think the difficulty is that in the four weeks to the election, the market could go any way, and the market could be very choppy as we try to digest this. If i had to place a bet, i would place a bet that opinion polls are not usually this wrong and the u. S. Is refocusing away from equity friendly, tech friendly in particular, toward u. S. Households, that we are going to come out of the election on the other cited with a big current account deficit in the United States, and so i want to come out of this, short the dollar come along the idea that the world is going to but it is still a long road. Tom brilliant. I want you to address now, kit juckes, you in the trenches of winning and losing on wall street, various calls of a massive dollar weakening. They are out there. They are usually from academics, they are usually at 60,000 feet. The dollar is going to go down 20 , 35 , whatever the statistic is. Is that tangible reading, or is it a waste of time . Kit the dollar is going to go down over the next few years. The reality is, it will not do it in a straight line. The market is positioned long euros, long yen. I definition, short dollar. It will be by definition, short dollars. It will be a much easier trade when we get to global reflation and when capital flows get to butgingmarket assets, we are not there. It is trying to say it will be 20 lower in five years time, at the First Six Months of that can be difficult. I will be much more confident of those trends once i get past november 3 and i can take the right now biggest piece of uncertainty off the table. Look at when you brexit, how do you trade pound right now . Youre looking at three weeks of pretty harsh negotiations and we seem to have hope they can reach a deal, but of course everything is left to play. Kit and i think the thing to focus on within that is that if we get the deal, there is much more upside strength of sterling than there is downside because in real terms, sterling is so close to its alltime lows. We are trading and have been since the referendum disaster, priced into the level. Just shades of disaster. If you have a miraculous piece of good news i dont expect, you would get a big move. Other than that, it strays it trades, sort of schizophrenic ally, choppily, and i think we have taken three hits to this economy in the last decade. Francine how will the economy of the u. K. Actually change . At some point we are talking about a single poor like model. Can that help the u. K. Be more investable . Kit yeah, something always does. Make itg comes along to better. I would not have guessed in 1976 when we had the alltime low, and i was only 14, that we would be on the brink of a big move higher because we would fight the unions, wed find oil, and things would change. But something will come along. I am not foreseeing it anymore and i dont know if it will come along in my lifetime, let alone in the next year. I think the danger is that we continue to trade the pound in a level of weaker against the euro without getting dramatically weaker, and what it does against the dollar is very much going to be a function of what the euro does against the dollar, and that is going to be a bigger move up. Tom when we say that em will do better, what do you mean by that . Does that mean theyre yield comes down, there price of debt goes up . Equityat mean singularly markets, or is it just currency strength . What is the general what is the general statement em being better means . Kit em currencies correlate more with growth, more with Global Growth and with their own growth. Em doing better means capital flows to them, their standard of everything goes up, they have growth, there currency strengthens, and if the central bank tries to prevent currency strengthen, rates go down and there equities have a good time. When i say em, i dont mean china, korea, em countries that are not really em that are going through this. I mean brazil, south africa, russia, turkey, and perhaps most closely of all to you, mexico, in terms of money flows to those places and their assets perform. We have not gotten to that point because of the sensitivity of growth and because they have so few tools for fighting a pandemic in their country. But when we get to that, money will flow out of the u. S. Looking for those opportunities and we will get a good weaker dollar. Tom we will get a good weaker dollar. Im not going to say it is going to be a bad weaker dollar, but these dynamics are interesting. What are your dynamics, to sum up this good conversation, what are your dynamics for the next 90 days come out to the end of the year . Is it just hunker down . For the next 98 is that we will get more bad news and good news for emerging markets. We dont have enough growth. We still have too many headwinds. I think i will have a stronger euro by the end of the year. I suspect i will have a stronger yen and a weaker dollar against a handful of gloomyw can you be this when arsenal is ahead of liverpool in the standings . I just dont expect this. Kit because we are right in the beginning of the season, and i have been taught after being disappointed after the last 15 years, that we should we are building the foundation. Tom building foundation. It sounds like you should be a Boston Red Sox fan in america. Thank you so much. He is with socgen, societe generale, kit juckes. His Research Note of this morning is outstanding, and just westay with it on a monday, protect the copyright of all of our guests. Question, the Bank Interview of the day, christian sewing from deutsche bank, in the noon hour. This is bloomberg. Good morning. Ritika this is bloomberg surveillance. I am ritika gupta with your Bloomberg Business flash. One of the biggest Payment Providers and see has agreed to buy sia. In it took more than a year of negotiating to reach the agreement. Price of a deal more than 2. 2 billion dollars, bushing into a push into technology for the Financial Services industry. Allowing chinas largest chipmaker says the u. S. Is placing export restrictions on suppliers. According to the company known as smit, u. S. Suppliers have been told they are subject to additional limits. It is in discussions with u. S. Officials. That is latest very business flash. Tom in the equity marts, you have a lift to the markets today that equity markets, you have a lift to the markets today. Close, 27,682. 27. 29 onont have the vix in early trading. Dollar weakness this morning. Francine . Im looking francine Consumer Companies at banks leading a broad advanced against european stocks. Coming up next, we talk about President Trump and of course his illness, Robin Niblett, Chatham House director. We talk about the elections, and we cannot not talk about brexit. We will talk also about sterling. This is bloomberg. It has been a very interesting journey. I learned a lot about covid. I learned if i really going to school. This is the real school. We need to have trust. When you have trust about the president s is real. We have to have confidence in the judgment of the doctors who are treating him. Well. Is doing very just like a good app and anybody, we are prepared. Bloomberg great vice president. He is in a great mood. He was as direct and candid with me as he always is. It was a great conversation. Tom extraordinary weekend. We watch the news after an extraordinary and historic friday. Perspective,to Robin Niblett of Chatham House. He has a Wonderful Team looking at u. S. Politics. What was the distillate of the Chatham House u. S. Political team over the weekend . What did you learn in your and your experts . Robin what we learned is this election remains very open for the simple five each time you think particular bit of news is going to push it in one direction or the other, the konta reaction to the situation then create a new dynamic they counter reaction to the situation then creates a new dynamic. The fact that i was now hitting the president himself after he it joe biden so aggressively in the debate would not come backwards, but as given the chance to the president and to his campaign to put even more focused on him and his profile. For those who think more focus on him is going to be negative, you have to look at the fact this brings his support base even more strongly into play. I suppose my perspective, we dont see this right now is a game changer in terms of pushing the pulling and in one direction or another. It is another dynamic of how each side gets more furious with the other side. Am if an election is mandate, if we are out at march or april or may of next year with President Biden or President Trump, what will they be doing . Dont we just assume if im elected, free beer and there will be massive stimulus . Robin i think a President Biden is selected, the potential for heavy stimulus is higher. Maybe an obvious statement. A lot will depend with the senatorial races that take place at the same time. Strong, were to win popular and electoral college, that would be telling you the senate would likely swing in his direction as well in which case the capacity for big stimulus is larger. I am less convinced you would get as big a stimulus it President Trump were to win his second term. I think youre going to look at quite a different approach. Ironically, from what i am reading at the moment of joe bidens push at the moment is he is looking for much more inwardly focused kind of america. It is ironic we had to make America Great again push under donald trump, but what you are seeing in joe bidens position u. S. Cus on u. S. Companies, workers, tax breaks for people to be able to keep things at home. This is a lot like what we heard at the beginning of an Economic Policy of the trump administration, which then did not happen. Francine just to go back to the election and then we will talk a bit more about some of these economic policies, but how are how close are you expecting the election to be . Robin i suppose my making on win for biden, a n divide to close wi forfor biden, close win pres. Trump . Only 2 pulling lead for biden on the popular moment. Honestly, i think this remains look at what most people think, voters who they think will win, you get President Trump leading on biden come on the popular sense of who is likely to win. I think this is going to be my bet would be a very close election and could go either way. Francine if we look at Foreign Affairs and some of the threats tariffs,s business i could turn President Trump a much more belligerent when it comes to starting trade wars . Contrarian view to this. I think if there were to be a second trump administration, i think the desire to start to show the hard talk of his first term, at least in terms of Foreign Affairs, is starting to pay off. Will be more to his dominant instinct. In other words, try to create the deals also remember, other sites will have to do deals with america. Right now even the chinese are hanging back waiting to see what happens with the election. If you have a President Trump in a second term but need to compromise on americas counterpart side will rise, and i think the desire for President Trump to show this paid off in the desperate desire to be able to get some kind of additional stimulus into the economy from a conclusion to trade deals would mean we might see a list lujan approach on trade, at least. Less belligerent approach on trade at least. On a more accommodating stance, cumbers to pepper joy from him. Took a more belligerent stance. I see china remaining in the very difficult child because even if President Trump wanted to do a deal, it would be difficult. On europe, i think you would see deals being done. Tom the deals being done. It comes back to the transatlantic new Foreign Policy. As the Foreign Policy of a two term trump the first term . Why not . Robin no one expected the first term trump Foreign Policy to play out as it did. You at everyrprise corner. The trump brand is something that is probably the most important thing to President Trump and in second term, that rate has to live beyond his time in office, has to live on for his family, his kids. He is not going door to go down guns blazing at the end of his fourth term with crated problems to the whole world. Maybe im being too rational here. Some think the chance of things being different. On the culture wars, i think it will carry on the way it is. On environmental policy, it will carry on the way it is. Deregulation, carry on the way it is. On Foreign Policy, i would see room for compromise, especially tom Robin Niblett, thank you. We will continue with him on in of info monday. We are looking for the news file out of washington. This not really there yet early morning. Somehow i think there will be a flow of news throughout the day. Please stay with us through all of this monday. With first word news, ritika gupta. Raising questions about President Trumps condition. One doctor says he could leave the hospital today. Another disclose the president had received supplemental oxygen. Intrude with a drug that is usually used more severely ill patients. President trump paid a surprise visit to supporters who had gathered outside. He left the hospital to visit them. Video showed the president being driven in an suv while he wore a mask. The mayor of new york city will close businesses and schools in nine emirates because of rising coronavirus infection. The School Closures and parts of brooklyn and queens will be for initial period of two weeks and could be extended. California wildfires have burned a record 4 million acres since the start of the year. That is more land than was blackened the previous three years combined. Fires in california killed 31 people and destroyed more than 8400 homes and buildings. Global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Francine thank you so much. Coming up, we talk competition and commission with you Commission Vice president at 11 00 a. M. In new york, 4 00 p. M. In london. This is bloomberg. Is bloomberg surveillance. Entering and make or break phase for brexit deal. I feel like i have been saying that for a few years. Boris johnson and ursula spoke on saturday. The two sides are nervous about fishing rights and state aid. Still with us is Robin Niblett, Chatham House director. We joke about it, but it does feel like it is always a crunch data. It is always negotiations on the brink. Is this time different or are we going to have a lastminute agreement come november . Robin it is different in the sense that on january 1, the u. K. Exit the transition period and board arrangements go up. Whatever happens, they will either go up with really serious tariff applications for certain parts of the british economy if or they willa deal go up with pretty much open tariffs and a slightly smoother approach if we do get a deal. This crunch will not continue. The crunch will be done one way or the other. Theet a deal done before october summit . Unlikely. Will they least be able to use that summit to try to close up some last positions . I think yes. The very least needs to ratify this. I think as long as a deal is done by the end of october, early november, we should be in a position to get everything sorted out by the end of the year. That means these next few days are absolutely critical. Because Boris Johnson cannot afford to go beyond the middle of october knowing whether a deal is likely. Because if it is not likely, he might as well stop negotiating now and get the country ready for a bumpy january. Francine i remember 15 years ago in brussels being told to look at fisheries. It is something we dont do very often, looking at fishing arrangements. Is this a Sticking Point . Will it be up to france to decide if they give up some of their rights in fisheries . Robin it is a Sticking Point because this is where people are at a zerosum situation. We talked about whether tariffs zero quotas, rules of origin the impact of these changes will filter through slowly to peoples pockets or to Companies Bottom lines. But if you lose access to fishing ground and youre a fishman, fisher woman, that is immediate and terms of loss of income. It is the most pointed, even though it accounts for minuscule amount on the eu and u. K. s gdp, it is a real political issue. It also has that border policy to it, where did my border start and end. You are right. The problem is the u. K. Wants to take back full control over its shrieks waters. Its fishing waters. And from the beginning, voting block for brexit, the immediate benefit to what they can catch. The problem is what they catch and what cells to the eu is we sell most of our fisheries exports to the eu. If we were to collapse the deal to protect british pershing fishing waters, we would not be of the cell is much fish in the eu. It is a very complicated situation. The u. K. Wants to go back to controlling those fishing waters. If they do, france, belgian, spanish fishermen will lose out. Tom the closest thing i get to fish when i go to United Kingdom is find the whole sturgeon adherence. Herrods. This is an argument about the north sea or is this about boys with little fishing lines in the English Channel with the red and white bobbin a banana in the water . Up and down in the water . Robin it is the north sea, most definitely, that broad area cutting across to the belgian channel. , but also the it is literally back to the french coast and the british coast, that very narrow channel where just recently there was a real ramming of both about six fridge months ago where fishermen felt the british boats were getting too close to some of their catches. You have british territory that had their own fishing zones. Very close to the french coast. This is not just a north sea thing. This gets down to the french because. French fishermen like farmers are some of the most vocal and physically active in defending their rights. The thing about fisheries, and brings the whole reality of brexit, like the irish border does, by the way come into where the sovereignty begin and where the sovereignty end. This is what people ive been trying to hide under brexit, dirt the talk of under the talk of rules of origin and voting rights. You cant hide fish. Fish is real. Tom i am speechless. This has been wonderful. This is the highlight of the weekend it is only money. Robin niblett on the fishing dynamics of the United Kingdom. That was really good. Francine it is all about the fish. We dont speak about it and i. This makes or breaks an industry. Fish is real, as Robin Niblett said. Tom all over the guardian and al jazeera as well. I am going to get it into the data check. We are doing it at the top of the price of cod in the north sea. Flash. Rg business ritika exxon mobil plans for an increase in missions has been revealed in late documents reviewed by bloomberg. They show the Energy Company expects to boost Carbon Dioxide emissions as much as the output of the entire nation of greece. It comes at a time when exxon rivals such as bp are moving to curb emissions. Exxon calls the documents and early assessment that does not include abatement measures. Drugmakers are under pressure to come up with a vaccine for the coronavirus. They may even be more urgency following the news that President Trump has contracted the virus. Johnson johnson ceo spoke with Carlyle Group cofounder David Rubenstein. I think it demonstrates we are all vulnerable and we still need to be very vigilant and diligent in the actions that we are taking to prevent this virus from spreading any further. Alexa you can catch more gorskys exclusive conversation on the David Rubenstein show. And that is the Bloomberg Business flash. Francine thank you so much. Next, we speak with stephen riley. And whatalk lockdown is happening in london, paris, new york. This is bloomberg. At this time, the team and i are extremely happy with the president s progress. Thursday he had a mild cough and nasal congestion, fatigue all of which are resolving and improving. Right now hes not on oxygen. Should we read into the fact so he has not been on it during his Covid Treatment . He is not on oxygen right now. Festivitiesekends in the United States of america, a science lesson for all. Many people outrage. Others, less so. About the action of president s medical community. Our team in washington is waiting for information from dr. Sean conley and his team over whether the president will be able to leave walter reed today. We have been so advantaged by experts in science. One of them is steven riley of imperial college. He is truly one of the worlds experts, how these viruses move around. I guess i should talk about washington and this focus on the president , but we have breaking like madridfrance, last week, begins to try to deal with a virus. It reads like the plague. Is paris doing the right thing to lockdown, or as francie mentioned, to restrict their society . Think you have to break it up into two parts. If the number of infections is going up, that is going to cause hospitalizations the french have a clear system of metrics and warnings. They are approaching too many people in the intensive care units in paris, so theyre making a choice that they want to reduce the number of infections. After you have made the choice, the question is, what is the best way to do that . With a range of different policies that people we want people to comply with to the best of their ability and if compliance is not high enough, than governments are choosing to bring in more strict and direct measures. The decisions im saying come through about paris make a lot of sense to me. It is really a direct question for the people of paris. Whether they support that. Think it isd i for two weeks initially. It is a decision for them, really. Excuse me, im sorry, folks, and looking at the nobel prize coming out in medicine. Francine and i are looking at it in realtime. Steven riley, look at the cities and the ability to contain the pathogen. I think the president is a loyal mask where. I would believe that is the case. Give us an update on steven riley and the mask. What do you tell your family . What do you tell your neighbors . Steven in the u. K. , with a very kind of clear policy. If you go into a shop or pretty much an enclosed place with people not on your bubble, you should try and wear a mask. We take a mask with us. Whenever we go into an enclosed public space, we wear masks. I think that is the right thing to do. I think they have some demonstrated benefit in blocking the virus as it comes out of your mouth. This science is clear. But more than that, they signal youre taking the other interventions seriously and signal youre trying to protect people around you. Francine professor, are we measuring the number of people infected correctly . I know there was a discrepancy between the amount of people we test and randomized tests because some people can be asymptomatic. How bad right now is it in london or paris . Are we doing the right thing to just have an idea of where it is spreading . Steven i am involved in the react study. Im spending a lot of time on that at the moment. We randomly recruit people. We send them a letter. We send them a swab and we test those swabs. To 200 showing 100 people currently infected with the virus. Those data are really orton important and allow you to interpret the other data streams much more clearly. I dont believe similar studies are underway in a lot of the other developed countries. That is a good point. I would encourage other countries to consider the potential value of that type of approach. Tom professor rally, thank you so much. Steven riley of imperial college. There is a nobel prize to three physicians on the cure of hepatitis. This is bloomberg. So youre a small business, or a big one. You were thriving, but then. Oh. Ah. Okay. Plan, pivot. How do you bounce back . You dont, you bounce forward, with serious and reliable internet. Powered by the largest gig Speed Network in america. But is it secure . Sure its secure. And even if the power goes down, your connection doesnt. So how do i do this . You dont do this. We do this, together. Bounce forward, with comcast business. Tom this morning, the president s blood oxygen saturation level rises. Stocks as well. Markets calm, gold weaker. Road trip. Mr. Trump visits supporters in the hermetically sealed president ial suv. He wants to exit walter reed today. With 29 days until the election, thetrump yearns return to hermetically sealed campaign trail. Scheduled10 days to a miami town hall debate. Good morning, this is bloomberg surveillance. Rom new york and london the pandemic in washington. We will talk to Martin Schenker in a moment. Showings out of paris every city for themselves. It isne well, the fact very difficult to keep control restrictions in pairs, something a lot of