First wave of the coronavirus pandemic. Austria is doing well as well. Are seeing the dollar at levels that we have not seen for Something Like two years. The falls in the dollar taking place overnight. Yenre seeing the japanese clamber up as well, reaching the 104 level. 103 yen. Terry gou. That is the current position. Kong is declining just a fraction at the moment. That is where we are without one. That is where markets are standing. Haslinda. Lets get back to our top story. President trump has attacked the credibility of the election, challenging counts and nevada, pennsylvania, georgia, and michigan. Speaking at the white house, the president made several claims and said that the election is being stolen from him. We will not allow the corruption to still this election or any election in that matter. We cannot allow anyone to silence our voters. Haslinda joe biden is urging patience and saying that he is no doubt heading to victory, in an election that hinges on seven states. Mr. Biden the senator and direct his age of your very good about where things stand. Have no doubt that when the count is finished, senator harris and i will be declared the winners. We ask that all people stay calm. Process is working, and the count is being completed. We will know very soon. Haslinda lets go to new york for the very latest. So much is a lively. What is the count looking like with the states in play. Reporter there are really only three that are being watched at the moment. President trump is still leading in georgia, but his lead is narrowing substantially. Less than 3500 votes with still about 16,000 votes left to be counted, a large part that are in the state that tend to lead democratically. Be completedt until friday, and it is more than likely that they will head to eight recount. Another state that we are watching closely is pennsylvania. His lead is narrowing in pennsylvania. About half a million votes outstanding there. That state has not given an exact count as to when we will arizona. Tching the largest county in that state. Bidena was called for joe by us press and fox on election night. Other networks have been reluctant to do so. We will await that data. Arizona is conical for biden to hold. Would getore state him to a victory in the electoral college. That is quite a lot of which are just things happening. Lots of ongoing legal challenges. We know that one was a small victory in pennsylvania. They allowed their vote observers to get closer to the count. In a vote validity absentee ballots, that was also thrown out in persia. Did followampaign suit to stop the count there. In his remarks at the white house earlier this evening, casting doubt on the election, we have to say that there is no evidence to support that at this time. He indicated that there could be more litigation ahead. He says that this is likely to end up in the Supreme Court and that judges would have to ultimately decide. Rishaad thank you. From new york, kailey. You can also get commentary and analysis from our website. While all of this politicking has been going on, we have seen this pandemic showing no signs of letting up. Thes find out the rest of first world news with Karina Mitchell and new york. One of the key issues and the election was the pandemic. Cases in 240,000 hours. The numbers are sparking new fears of a lockdown across the u. S. Before thanksgiving. France is warning of a violent second wave while greece is on the economic front, the fed is stressing the need for more stimulus, warning that jay powell said that the recovery would be stronger with more fiscal support. No change is being made to the change of asset purchases. The rise in the u. S. And abroad is particularly concerning. In australia, there is an expectant of a burst and spending for growth in the near term. Its quarterly update admits that the recovery will be bumpy and says that to further outbreaks. Unemployment is seen peaking at the end of this year. Backese households cut sharply on spending and september, as the coronavirus kept below and there was a sales tax hike. Outlays rose more than 4 . Wages fell for a sixth straight month. Global news, 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I am Karina Mitchell this is bloomberg. Haslinda still ahead. Do not miss our exclusive interview with the ceo bill winters who will talk with those about the challenges and the emerging market that focus bank is facing. Haslinda next, howaad we ask john woods it is expecting the investment strategy. I am very reluctant to comment on the election directly or and darkly other than to state that it is a good time to step back and let the institutions of our democracy do their jobs. Will always continue to do our jobs here at the fed. We will use our tools to support the economy during this difficult time. Jerome powell addressing the fiscal uncertainty. He also addressed the need for more stimulus and the risk of covid19 rising cases. Lets bring in john woods. What was your take away from what jay powell had to say . There was certainly a broadside regarding the physical side of things. John i think that it is beholden on him to be supportive and to be constructive and to try to calm the waters somewhat. I believe that he did. In the near term, the u. S. Economy faces challenges. Trajectory of the very sharp that we saw ind the Third Quarter of this year, it is clearly moderating somewhat. As we head into the first half of next year. Unless there is a medium full turnaround, expectations of a vaccine, or expectations of a vaccine. I think the trajectory of the u. S. Economy is likely to slow down. I think that is the key message that powell was trying to make. Being willing to provide and you ever it takes to support the underlying growth story. Ultimately what is happening with these various states which have not yet delivered their states not let over there results, it seems a little bullish. It may means that we are in a situation where neither side it might limit some more of the radical elements of either candidate . John that is precisely the reading that i am having right now. I think that a biden presidency and a divided house represent the best of both worlds. I think is a winwin. The markets have already made up their minds. Government would be unable to roll the trump euro hike taxes. Ble to it is the best of both worlds for markets. Seeing, we are particularly in emerging markets and extraordinary rebound. You talk about how the fed was looking to calm markets. But the markets have been calm and happy. We are seeing a rally over the last few days. Will lifttide that all of those, not just technical justt just ech . Not tech . Of the think that some more positive expectations surrounding a socalled blue wave need to be repriced, and particularly a freetrade particular 3 trillion economic stimulus package. Very focused on this election over the last three months. The risk premium has wrapped up somewhat. Appears abovet the shouting. There has been a subsequent rally. I think in the lower growth environment, the gross will outperform. Tech will help perform. Broadly, that positively under supports tech in north asia as well. Taiwan, china. I believe that is why we are seeing somewhat of a rally. In our view, the dollar will continue to weaken. Continues toar support asian equities. Investors seek growth and earnings abroad. A Biden Administration i think is likely to be a little more morectable and a little positive toward, at least in form, in terms of trade and investment relations with china. I think that is one of the reasons probably why Foreign Investors have been concerned about investing in this part of the world. I suspect that that is likely to reverse in the first half of , as this, 2021 environment starts to gain traction in the Investment Opportunities appeal. Haslinda prior to the election, money was sitting on the sidelines. A lot of investors are saying that they are waiting for clarity. Is there clarity now for money to be employed for money to be deployed . John as you ask this question, ive noticed the world, there seems to be a positive shift toward equity risk. 225so note that the nikkei is a heartbeat from a 30 year high. Our own asia, i think that cash is being put to work on the back of the positives that we can derive from this election. We went into this election with a neutral equity biases well. There were a lot of uncertainties that we were concerned about. That may change. Once we have had our meetings and look at the outcome. Rishaad very quickly here. Ant ipopolling of the change your view market wise about chinese equities . John i think it has hiked the Regulatory Risk premium that that did not exist in any meaningful way. It came as a surprise to the market. Fundraising, this now needs to be a potential risk and concern for at a global level and more broadly, fintech has a powerful level disruptive impact on the established banking infrastructure systems. Far in thisstep too and it was pulled. Positive onetty chinas equity story driven by the stock updates. Rishaad thank you for joining us. Coming up, the remaining unknowns on astrazeneca candidate. We will hear from the ceo next. This is bloomberg. In thea astrazeneca is race for a covid19 vaccine. Some people were seeking treatment for nonvirus related illnesses. Thateo Pascal Soriot says more trials could be underway through january. Pascal the only thing that i am worried about is making sure that the vaccine works. We still do not know. We have been doing a lot of work. Weve been working very quickly to be ready. At the end of the day, we do not know if the vaccine works. Status levels,od and we will know soon if it works or not. If we have success, we hope and expect to get the public should be reassured that many regulators around the world will look at this data independently from each other. We [indiscernible] the regulators will look at the data and make their decisions in the pendant of each other. That should reassure the public that many independent experts have looked at the data. Tom thank you for joining us. I am very curious as to what your vaccine will cost and that it is a dental virus base as opposed to fancy genetic vaccines. Do you have any idea in the range that your vaccine will be distributed and the price . Pascal we have committed to distribute this vaccine at no profit for the duration of the pandemic period. That means that the 100s of millions of doses that have already been ordered, they will be supplied at no profit. It will range from four dollars to five dollars out of the door depending on how it is manufactured. Speaking to alex morales about this, what is so important here is for our audience to understand that we get a vaccine , and when will we be an hour dr. s offices . In our doctors offices . What is the timeline . Pascal we expect to have data by the end of this year. Then it is in the hands of the regulators. Not government. But the regulators. Were due if they review the data quickly, and im sure that many of the regulators, you have seen that they have announced a review of the data. They look at the data that we submit. Aey shall be able to make decision fairly quickly. We would hope that vaccines will be possible starting in january of next year. Possibly even december. Virus, you look at the is it symptomatic cases, what is something that you thought you would never see in a pandemic . Thing ishe biggest that this is very infectious. Many people are getting infected very quickly. That is why everybody has to be very cautious and keep in mind to wear their mask and public cases. Mask in Public Places and wash her hands and follow social Justice Social distancing. The question is will be vaccine work . And in how many patients will it work, and another key question, if it does not work completely, does it at least stop people from being hospitalized . For those patients that it may not be protecting them completely, maybe it will stop them from having to be in the hospital. The last question is how long does it protect . We do not have the answers to many questions yet. But hopefully we can get some information from those trials that can enlighten us a little bit. Ceo pascalstrazeneca soriot there. Many corporations have stayed away because of covid. Some deals have been signed worth 2. 7 billion. There is no time frame for completion. Nintendo is lifting its outlook for that year with switch benefiting from users being stuck at home because of the pandemic. 50 for thes up previous forecast. Revenue projections are also up as long as sales forecasts. Looking at markets, we are heading to the japanese we are looking at what may be a turnaround taking place. The stock valley is stalling or showing signs of selling. This is not in the case of japan. Nintendo is one of the biggest gainers out there. Helping that stock propel up 2. 6 . There is hope for the alzheimers drug lifting the stock as well. I sent your new prescription to the pharmacy. Any idea how much it will cost . You have a choice. Insurance or goodrx. I have insurance. Insurance is not what it used to be. People struggle to get their prescription covered and prices keep rising. I recommend goodrx. You get free coupons to save on your prescriptions. [narrator] compare prices to get the best discounts. Goodrx, smart. [narrator] stop paying too much for your prescriptions. Download the free app today. Rishaad just coming up to 9 30 p. M. And washington, d. C. Live images of the white house. Futures at the moment, snp futures, off by one quarter of 1 . Good gains overnight, the dow jones up nearly 2 . Thed be seeing some of frost off of that when the trading day gets underway but its a long time ahead. U. S. Now on this disputed election. Lets get to new york and get the latest. First word news with Karina Mitchell. Karina it has turned out to be a bitter u. S. Election and now hinges on the results and a half dozen states, each with varying rules on vote counting and legal challenges. Wisconsin is heading for a recount while other states are facing legal battles. President trump has alleged corruption and questioned the veracity of mailin ballots while joe biden is urging patients but says theres no doubt hes heading for victory. Our goal is to defend the integrity of the election. We will not allow the corruption to steal such an important election or any election for that matter. Silence, ofow anyone to silence our voters. Good continue to feel very about where things stand. We have no doubt that when the count is finished, senator harris and i will be declared the winners. So i ask everyone to stay calm, all people to stay calm. The process is working. The count is being completed and we will know very soon. Karina australia has made its first arrest under foreign interference laws detaining a 65yearold man said to be a communist Community Chinese coming is community member. As said to behim linked to beijings overseas influence operation. Protesters in thailand are planning fresh rallies this weekend, the day after rejecting parliaments plan for a National Reconciliation commission to ease tensions. Activists aim to gather at the democracy monument sunday to petition the king over demands for constitutional change and curbs on the monarchys power. Claimve came after they hes compromised. 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. This is bloomberg. Lets discuss the situation regarding financial in a bit more detail. Alibaba out with Quarterly Results showing the slowest Revenue Growth for the September Quarter on record. Stephen engle has been following the developments. What is going on with alibaba and how much of a shadow does this whole situation, the pulling of the ipo, for the time being, hangover the numbers . Stephen you can imagine it definitely casts a shadow over the Conference Call with the ceo, but he wasnt talking much about that. He was talking about Quarterly Results from alibaba. All he said for an was that they impactill evaluating the of that now shelved ipo from ant. We have to see how it impacts alibaba. Platform foralipay the ecommerce transactions and the like. It wasnt a great quarterly report. It wasnt bad, but what we did quarter,e fiscal first the previous quarter to the results, was that a lockdown suppressed a lot of the business activity. We saw a sharp rebound. We were expecting a similar story in the Second Quarter that ended in september and revenue came in line 30 up yearoveryear. Plateauing, and thats the indicator we got from the Second Quarter. In the current Third Quarter, next week we are getting the biggest singles day shopping extravaganza of will help alibaba. Haslinda we know billions of dollars have been unwound. What is the latest . Stephen different stories from hong kong and china because a lot of individual investors, 1. 5 million Retail Investors according to estimates in a city of 7 million, subscribe for this ipo. It was suddenly shelved two days before it was going to begin trading. A lot of people bought shares on margin. That refund. Y want they were not necessarily getting them. Of China Hong Kong are looking at getting upwards of 25 Million Dollars hong kong in Interest Income from that scrapped ipo. On the mainland, the securities regulator, they put out a do their best to refund fees and possibly even reduce some of the interest. Haslinda amazing when you think about how 20 of hong kong signed up dubai. Our chief asia correspondent stephen engle, thank you. Exclusively to nelson chow about the implications of the ant ipo delay. If you look at this kind of big tech, they have been here for quite a while. Licensee obtained the back in 2016. They have also been granted a license for the virtual bank. I think they will continue to play an Important Role in hong kong. Reporter given the licenses provided in hong kong, there were no red flags that were glaring . So far, we dont see any. Reporter with the delay going onto six months, are there any other potential black swans that could pop up . Anything any signs of that. I am back to the fintech seen, of course this is one player, playerssee that many are in town competing with each other. Reporter the other fintech heavyweight hopefuls, what can be shared given that there may be more scrutiny as to their operations . If you look at the past four , some of them are working very well. I think it is important going to have a clear and easy to understand Regulatory Framework. The ipo will suspension dampen appetite for fintech here in hong kong . When you look at some of the speakers in the past three days, three years, be it investors, vcs, or even the incumbent financial institutions, the tone is fairly upbeat. Some of the investors see asia and particularly hong kong as that seee major plays a lot of fintech development. Reporter reining in risk to the Financial Stability, that is part of the reason that was provided by regulators in china. How do you strike a balance as a regulator between driving innovation in fintech while also monitoring the housing play . Its a question of alan finkel regulation and innervation of balancing innovation and regulation. In the past four years, we have launching the virtual banks in hong kong and the operators. In a lump of new initiatives we have launched in the last couple days, for example, the crossborder train trade finance linkage platform and the cpd see developments together with the bank of thailand and other jurisdictions. Reporter and Digital Currencies will be a key part of these linkages. Exactly. At the end, you still need to settle the trade and payment is one important part. Thats why we have this crossborder initiative from the bank of thailand. Reporter and the pboc potentially is one partner that can be signaling what steps are being taken to further that goal. Beingve heard the tested in multiple cities in china. The pboc has the plan to roll about the crossborder or outside of china. Hkmaurse, hong kong or will stand ready to cooperate with the pboc. Is a Legal Framework being considered or put together . If you look at the usage of kong, web in hong dont see that as. A hurdle. Rishaad that was nelson chow speaking on the sidelines of Hong Kong Fintech week. S is ong of, david ingle standby with a big guest. Take it away. David to your point, we will pick up on this conversation around fintech week, what their plans are. They have a massive presence already and how they see the sector evolving, not just in asia but all the other exposures and interests around the world. Stay tuned for that exclusive interview with bill weathers from Standard Chartered. This is bloomberg. Erg. David you are watching Bloomberg Markets asia. I would like to welcome all the listeners on Bloomberg Radio for this exclusive interview. Weekend. G kong fintech one of the people who joined and participated is none other than bill winters, the group ceo of standard charters Standard Chartered. Hes here at the Standard Chartered building with me. How are you . I am well. David big week. Its fantastic hong kong is making such a big push in fintech. In many ways, this is the heart and soul of the bank and this is where we launched our most , toing edge digital bank have a chance to both celebrate that but forget about the celebration, lets move straight into what we can do from here and continue to build on this set of tech capabilities and develop fintech partnerships, which is a critical part of Everything Else we do in the new banking space. Its a fantastic opportunity. Of course, im delighted to be here in town while its still happening. David i bank with you guys as well. Im curious and a lot of people are wondering, what is the difference . Theres a virtual bank and a bank like yours that has a significant and extensive offering of services on the app and online. What is the core difference . Its a good question and theres a lot of ways to think about it. On one level, virtual bank is that which the regulator has defined. In hong kong, the hkma said we will have a different banking license which is tootle only. You cant digital only. You cant have branches. We will open it up to different people. They set other things like we will hold virtual banks to the same standards as we hold conventional banks. As far as i can tell, they have done that in every regard. Is a distrust of regulatory allowance. Even without a regulatory steer, many people have said digital banks of their own accord. Is intended to target a population thats happy with a digital only experience. Usually a mobile phone only experience. In many cases, not even accessible on a desktop. To have a mobile only banking set up isnt cheaper. It can be more streamlined in terms of the user experience. It is cheaper to maintain. If you are targeting a millennial audience only interested in banking on the phone in the first place, why create capacity to access on the desktop much less branches . Some people set up standalone digital banks entirely on their own, nothing to do with regulation. Banks have Digital Offerings inside and alongside conventional offerings as Standard Chartered does at every location. For example in africa, we launched nine different banks in nine countries. At all of those, we have a Branch Operation alongside a digital bank. In some countries, where we started, like the ivory coast, we have a Single Branch and no meaningful Retail Business beforehand. If you want to, you can go into the branch, go to the teller, get advice and open an account. But you dont have to. Whereas kenya at the other end of the spectrum, we have an Extensive Branch Network in the Digital Offering is sidebyside. For many customers who might do 99. 9 of ranking online and happy to use a mobile phone, they would like to know that if they need to, there is a convenient branch. David or when they need to see a tyler. Teller. Or they need some advice or having trouble with the app, whatever. Theres a full range of it. Me to thet takes Regulatory Framework. I can imagine its a headache because its a moving target for regulators. This week, we should have seen the biggest ipo ever but it got pulled because of regulatory concerns. Do you think because this is such a new space that the risk is overregulation . I would not say thats the risk right now. If you ask if there is a risk banks are overregulated, i would say yes. No question. Virtual banks could end up no different than conventional ones. The regulation in hong kong is every bit as rigorous in the virtual Banking Sector as the conventional. The virtual banks are offering fewer products at least at thoughts outset so the interaction is probably less. I would say the focus is on making sure they are treating customers fairly, the way we are dealing with compliance, account opening, things like that, are the same. I think in most markets, they continue to do the same. In china, the Big Tech Companies like alibaba, tencent and we chat, they set up early and move quickly into banking space. When the thoughtfulness around nonbank regulation was at an earlier stage. Its not surprising as they acrossbig and prevalent the Chinese Consumer market that regulation is catching up a little bit. I guess from what we see out of the regulators in china, that they will take some actions to align a little more than the nonbank sector. David and no signs of dipping their feet into the virtual banking space in china . I think maybe there was one virtual banking license granted but it hasnt been granted yet. It is a joint venture between the chinese entities. We have an extensive digital operation in china and off the main bank license. We have a particular focus on Wealth Management with a marketleading app for Wealth Management products in china where Chinese Companies as customers can buy products. Theres still limitations on how much International Product a customer can buy but we would take every opportunity either alone or with a partner to expand that if we could get the regulatory permission. As you know in hong kong, we partnered with pc cw and trip. Com. We did that because we wanted to have a broader set of user expenses and broader scenarios for customers and we have been extremely happy. Could we do Something Like that in china at some point . Absolutely. David i know you are looking to have one in singapore. Do you have an update . Not really. Of course we have very active discussions with the regulator in singapore. The right time and right way to have a digital license, we would do that in partnership with a strong local partner. We would do that. Very high ratings and app stores and Customer Feedback and opening numbers. People are using them to pay for their purchases. We are happy with how that landed. It feels like a pretty good starting position for singapore banks, should we get one. In singapore, it has not yet granted any digital bank licenses. Fair enough. Something else is happening this week. In 24 hours, we might get the new u. S. President. It might be joe biden, it might be donald trump 2. 0. The consensus in this part of the world and one of your greatest markets, china, the core position does not change. What is the assumption from an operating perspective . Do the tensions escalate . How do you manage that . Consistent with your conclusion, tensions will remain. For better or for worse, across each of those parties, theres enough divides within the parties that have been critical of china. I think the signal is they also dont see a big difference in the case of a joe biden win, with or without also a switch in the party in the senate. Is thatould expect biden would take a couples but steps that would be different should he win. One is different engagement. Probably consistency of engagement. Tohink biden is likely rebuild some of the International Alliances that have become frayed over the last four years, whether that is europeans or japan and korea, which in many cases are in quite good shape, but in others there are visible signs of strain. Perhaps you would reconsider he would reconsider a trade probablys, which are helpful from the u. S. Perspective. Im an optimist. My hope would be with an element of engagement in china and the u. S. , they would begin to act on what they recognized to be the underlying case, that with the world and each country operating rather than truly competing. David it is something that will likely remain, the strategic rivalry here. Just to pivot again. You guys have talked extensively about how you have managed to shore up a fair amount of cash. Are you and dividends, guys going to do it . Theres a function of a Regulatory Framework as well. Is that the only Thing Holding you back from either buying back stock or a dividend if it is simply the regulator . It is always an important decision and i would never preempt the decision. If we are able to at the board, which wont happen until early next year, of course by that time we will know with the fullyear earnings are like. We will have a much better read on how the quite substantial expected credit loss in reserves which have not materialized and losses. For the most part, for cautionary reserves including management overlays on top of what the men models would suggest. Of thet because a environment. Hong kong and singapore clearly in the recovery mode. Etc. Very little tourism, and the loan delinquencies we saw have come right back down. That is encouraging. ,ther countries in asean malaysia, and in different ways india, have Payment Options that have come off. Early signs are encouraging that customers are able to get current again on outstanding debt. If that turns into the prevalent outcome, we will say we were cautious in terms of the loan requirements which was appropriate and we remain very well capitalized. So we will look at earnings and liquidity, all of which looks ok right now and why we said we would like to consider resuming distributions in the early part of next year. David very quickly. All indications point to the fact that impairments are continuing to go down . The loan impairment number has gone up, but they have come down from the first, second and Third Quarter. Where we took a cautious stance in terms of what the future losses could be, the early data points that are coming in suggest it wasnt that cautious but it is early days. We will see how it settles out. We are getting into the second phase of major lockdowns in europe so who knows what will happen in the u. S. First at the election level, but if joe biden wins, will he take a different approach . The answer is yes but how much of a difference will it make . Economicave a Global Impact and affect gdp in hong kong and china . We might know by early next year. ,avid speaking of next year you probably know where im going with this. Succession planning. Do you want to stay . I said from the beginning i wanted to get the job done. We have gotten setback. With the pandemic. It setback the timeframe on which we couldnt hit the financial targets. The underlying progress is as good as it has been at any point in the last five years so i feel very good about the ability to deliver on commitments we made and very good about the actions we are taking to continue to grow our crossborder business and multinational corporations and back to the core of this discussion is to digitize under that adds to our value. If we keep doing those things, we will deliver the package at the end of the day, although inevitably it will take longer in this environment. David a pleasure. Thank you for your time. Group ceo of Standard Chartered, bill winters. Thank you. David with the group ceo of Standard Chartered, bill winters. A lot more to come in the next halfhour. Looking at this election very closely. Seemingly down to two states at the moment where we are seeing Donald Trumps lead actually narrowing. Details are on the way. This is bloomberg. Businesses today are looking to tomorrow. Adapting. Innovating. Setting the course. But new ways of working demand a new type of network. One thats more than just fast. You need flexibility to work from anywhere. And manage from everywhere. Advanced technology. With serious security. And reliable coverage, nationwide. Forwardthinking enterprises, deserve forwardthinking solutions. And thats what we deliver. So bounce forward, with comcast business. Haslinda almost 11 00 a. M. In singapore and hong kong welcome to continuing coverage of the u. S. Elections from Bloomberg Markets asia. Im haslinda amin. Rishaad im rishaad salamat. This is a look at our top stories. America awaits the outcome of a bitter election. Seven states hold the keys to the white house as President Trump again alleges corruption. Joe biden says hes confident. Haslinda looking at the tea leaves. Investors weighing all potential outcomes. Asia with a rally. Seeni 225 near levels not since 1991. Ashaad myanmar prepares for Second Democratic election since the end of army rule. Latest. T the haslinda markets inching upwards, close. Extending gains in recent days. Seen as a safe haven but before the elections mostly because of how well asia has contained the virus. China also on a strong recovery path, tech inching upwards as well currently up 3 10 of 1 . It has been going gangbusters. The nasdaq, almost 10 this week alone. Rishaad lets have a look at whats going on with thailand. Benchmark just getting up to speed, just opening, and opening flat to lower. Whats interesting is the recent gains we have seen have helped the thai bard appreciate. This is down essentially to a weak dollar story, two year lows on the bloomberg dollar index currently. We also have regional equities gaining, contriving to help. Hats going on in thailand nifty flat at the moment on the futures contract. Asiae the global rally in peter out a little bit in the last hour or thereabouts. Haslinda back to the top story. President trump has again attacked the credibility of the president ial election, casting doubt on mailin voting and challenging votes in nevada, pennsylvania, georgia and michigan. For now, lets go to kailey leinz following this. Kathleen hays is looking at the economic implications of the vote outcome. Welcome both. How is the count looking at the moment . Keyrter it is down to four states. One to watch is arizona, which was already called for joe biden by the Associated Press and fought, but his lead over trump is narrowing. A new batch of data out of the largest county showed a bigger gain for trump so we have to keep and there. Assuming joe biden does hold arizona, he would have 264 he. Toral College Votes would only need one other seat to clinch the presidency. That could be nevada where he is deleting, but we arent expecting new results he is leading, but we arent expecting before georgia and pennsylvania. Georgia, it is notable that trumps lead is now less than 2000 votes. Cnn has reported that clayton county, a democratic stronghold, is set to release results of another 5700 uncounted ballots by midnight. That could shift the balance but it will be close. A Georgia Election official says its more than likely they will have a recount. In pennsylvania, biden leading 50,000. s lead, under we know the president has taken legal action, multiple suits in pennsylvania. Want to stop the vote which was not really a victory for him. The judge did allow people to observe the vote at a closer length but others have been thrown out. And ultimately according to President Trump, he says this race will go to the Supreme Court. A couple hours ago we heard from fed chair jay powell about this backdrop of the election. He was careful with his words. Reporter he certainly was. Chairs are supposed to be independent. He made it clear. Also as he was clear last summer, the economy needs more stimulus. This is a time we dont even know who the president is. Possibly get past the gridlock . Lets listen to what jay powell said so artfully. Chair powell im very reluctant, as you would imagine, to comment on the election directly or indirectly, other than to say its a good time to take a step back and let the institutions of our democracy do their jobs. At the fed here, we will always continue to do our jobs and serve the American People and use our tools to support the economy in this time. Reporter jay powell made it clear the u. S. Economy continues to recover. Household spending has been strong but it is losing its pace a bit. It is more moderate and slowing down and virus cases are surgery surging. Lets look at key statements from the fed. Depends to the economy on the course of the virus. Toposes a considerable risk the Economic Outlook over the medium term. He did obviously say if more that more fiscal stimulus is needed. He also said the fed has more it can do although they disappointed some bond traders p the fomc made it clear they will not change the amount of bond buying every month. There will continue to be some talks that maybe it can happen in december and of course, with congress again, still not clearly there on who is going to lead, the stimulus not coming for a while is an issue for the fed as well. Rishaad thank you. Kathleen hays and kailey leinz there. While the worlds attention has been taken by the u. S. Election, the pandemic globally has not stopped. Lets get over to new york and first word news from Karina Mitchell. Karina you are right. Global coronavirus cases are approaching 50 million with reported u. S. Infections topping 100,000 cases in the last 24 hours. The first country to set such a mark. Numbers are sparking fears of a new lockdown across the u. S. Even before thanksgiving. France is warning of a violent second wave well greece is the next european nation to declare a national shutdown. The eu is facing a doubledip recession. As kathleen touched on, the fed is stressing the need for more fiscal and monetary stimulus, warning covid19 infections are a growing threat to our economy. Jay powell said the recovery would be stronger if there was more fiscal support while keeping rates near zero and making no change to the pace of asset purchases. He says the rise and virus infection numbers in the u. S. And abroad is concerning. To australia, the reserve bank says it is expecting a burst of spending by households and the central Fiscal Stimulus Program wants to spur growth in the near term. The quarterly update will be bumpy and sensitive to further virus outbreaks. Unemployment is peaking at the end of this year. 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 Karina Mitchell. This is bloomberg. Thank you. Another important election, myanmar this time. Aung san suu kyi tipped for reelection even as the economy struggles for growth. We will have the latest. Haslinda but next, we will hear from the front lines of the Logistics Industry. Group joining us to talk about the pandemic and the possible scenarios post election. This is bloomberg. Rishaad our top story. Joe biden saying hes comfortable winning the white house, while President Trump castigates corruption in mailin voting, despite offering no evidence. Lets discuss the business implications with jim thompson, founder and chairman of Crown Worldwide group providing a range of logistics and related services. Thank you for joining us. Lets get your sense of what happens in some different scenarios in terms of your business and what you see from either candidate. For me, it looks like joe biden is going to win this thing. Thats my personal opinion. I think it will be a benefit to the chinau. S. Relationship. I think it will be calm her heads will be discussing the issues that seem to be the problems. I think that will really take a lot of the heat out of the problems we are facing right now. Having said that, i think china can withstand either candidate because they are doing better than any country at the moment and they have a huge domestic market to keep them propped up. But i think it would be better for a change in government right now. Rishaad would it be more a change in style and the way its presented, rhetoric might be different under a biden presidency, but the core message might be exactly the same, we now have bipartisanship with regards to the view on china and trade with china. Yes, but i think what we have at the moment is confrontation. You have mike pompeo running around the world trying to drum up animosity toward china. I dont think that works. I dont think it has ever worked. It just makes both sides more polarized. I think if we can just get someone who can understand china a little bit and a little bit better and actually talk with them, i think everyone would be better off and the entire world really as far as trade is concerned. Thats what im hoping for, that there will be a dialogue and they will get these things have. I have lived out here in asia for 57 years. I have watched the china miracle take place over these years. I have seen seven different u. S. President s. Well, if biden gets elected, it would be seven. Four different chinese leaders. There have been all kind of issues, but they both seem to grow. Both countries seem to world grow and the world as well. I think they can get through it if they Start Talking and stop confronting each other as if they want to fight. Theaad tell me, you are front line of the Logistics Industry. How has that been impacted by the tariff war and the phase one deal . Is, of courset the glowing pandemic and ensuing economic downturn, to put it mildly. What are you seeing . Theirst of all, i would say Logistics Industry is very broad. We have airlines, shipping, trucking and warehousing. Some segments are doing extremely well. As far as the tariffs are concerned, and never thought they had a big impact. It is really a tax on the u. S. Public, really. The buyers. I dont think it bothered china that much. They might have had slightly smaller orders but there was still a demand in the u. S. And they were paying a higher price because of the tariff. I think that will continue. The pandemic on the other hand has been a problem. Everybody has been locked down and they have not been able to consume or create the general commerce that would be normal in these circumstances. Asthis part of the world, you know, is coming out of the pandemic already. Domestic economies are picking up. Here in hong kong, the buzz is picking up a lot. Certainly in china, the economy is picking up. How the rest of the world handles it and how they get out of it will determine a lot about commerce generally. The Logistics Industry, parts of it are doing extremely well but others, the airlines particularly, are doing poorly. Years in the region. Intimate knowledge of the region and of china. Saying bankse are are elevating xi jinping to the label level of mao. How do you see this driving china in the next five to 10 years and how do you see the u. S. Responding . I think xi jinping is well respected, even though you do get feedback he wants to stay on for the rest of his life, but i think hes wellrespected. I think people have gotten behind him. He has raised the standard of living for almost everyone in china to some degree. The infrastructure is amazing, what they have been able to do. I think hes a wellrespected man and as a leader of a country, knowing all the flaws with that type of government. I think he will do extremely well and continue to build the country. I have to believe having been here as long as i have that his interests are really in the interest of china and the interest of the country and he wants to make them progress much further than they have in the past and they are doing that. And he wants them to be a respected global country, which they have been held back for many decades in the past. Of course, xi jinping bringing supply chains closer to home and that is what the u. S. Wants to do as well. How do you see this playing out and how do you see your business getting impacted . I am a globalist by nature. I have lived out here and i see the action between countries and i dont think that is going to go away. Looking at it simply, you can see the products are made in the most efficient place in the world, wherever that may be and they are consumed in another location. Getting them from a to b will always require a lot of logistical support. Frankly, i dont think countries can isolate and just concentrate on their own. China has a lot of progress. They have a Huge Population and they are getting wealthier. I can understand logistics would develop more in china but i think on an international scale, it will continue without question. I have watched this over the years and we are so integrated as a Global Society that i dont see any chance of that diminishing. Or might be some little interruptions from time to time, but i think we will continue to be a Global Society. I have one question from the new Energy Finance team. Name the one thing that must change after the pandemic. The biggest thing that has to change his peoples confidence. The pandemic is almost a year old and held people back. We are all frustrated and our attitude is kind of negative on a lot of things. Will it ever go away . I think after the pandemic, there is alien demand for traveling and buying things and enjoying life a little more. The key thing is for peoples attitudes to change. I think there probably will rather quickly. Also i guess theres a second said, as bill winters there has to be a better relationship. The United States is always the center of everything. Better understanding between the governments. It cannot just be animosity, whether trade or other issues. I hope the new government will take that attitude and bring countries closer together to them at least and i think it will be a huge change and that attitude can see us make a big bounce forward. Im optimistic that will happen. Great insights and on that optimistic note, jim thompson, founder and chrm of Crown Worldwide group. If you are a bloomberg subscriber, catch up with interviews by using our interactive function at tv. Join the conversations by sending instant messages to our team, message us during live shows. This is bloomberg. Rishaad past 11 00 here in hong kong. Lets go to the morning calls with sophie kamaruddin. Some notable analyst recommendations. A big week for alibaba with earnings on top of that and ipo ant group ipo debacle. Moment, not jumping with joy. Sophie some analysts are upbeat. We have jeffries for example, maintaining thereby call on bob ishares as well as price targets, sitting earnings at top jeffries estimates, which show good profitability for new businesses improving. Flipping the page, die wah daiwa raising the target, keeping the buy rating intact, focusing on core commerce and Revenue Growth from the single day sales and increasing contributions from cloud and future growth engines as well. Haslinda emergingmarket inflows, they made up significant lost ground since march. Wheres the juice . Sophie money flowing back into emerging stocks, bonds, and currencies, breaking out for the march downtrend has been a buoy for em assets. There is an expectation for a reallocation to em in a big way if joe biden wins. In the wake of the elections, visa investors think the outlook will look more differentiated for em, but growth is back on the reader and our asian doing well. Re goldman, we want to bring up a recent note from george sarah bellis at deutsche candidatesghting particularly in asia with growth outperformance here along with high reald yields hi real yields. Currency tracked by jp morgan in the index, extending gains, topping the 200 day line for the first time this year. Haslinda markets reporter sophie kamaruddin. Now lets do a quick check of the latest business flash headlines. Tencent rosa new that its boosting capital at its micro loan unit in the wake of the ant group ipo suspension. Funding was one of the reasons given for the decision. Sources say china say tencent moved in response. They raise capital to almost 400 million with the increased launch in tencent says the move is normal. A 4 billion loan to revive its fleet and is asking a bank and the u. S. To approve transactions. Upon approval with 1 billion in dip financing, they are planning to purchase 230,000 new vehicles next year the deal was put together by Apollo Global management. Hertz was declared bankrupt in may. Tigs key underwriting metric at its propertycasualty business said better for a ninth conservative quarter while prebanks profited live. Emd shares had dropped 45 this year. Nintendo is lifting its outlook for the Financial Year as swift benefits users stuck at home during the pandemic. Operating profit of almost 4. 5 billion through march, up 50 from the previous forecast. Revenue projections are also up along with sales forecasts animal crossing has emerged for the online forum of choice for millions in the coronavirus. Rishaad rishaad bit of a mixed bag at the markets. Global rally off the peaks of the day. The msci asiapacific extra plan index pretty much flat. Japan on its lunch break at the moment. Those concerned about ant group and alibaba weighing on whats happening in hong kong with the getting into the red. The kospi into the upside. Looking at china, csi half a percent down. Mights look as though we be seeing a snap in the winning streak for the chinese currency. Chinese stockst as we go into the lunch break. This is bloomberg. Haslinda you are watching our continuing coverage of the u. S. Election. The world awaiting anxiously as we await the final results of those elections. What we have so far is that joe biden is on the brink of the u. S. Presidency. Georgia,have arizona, north carolina, nevada, pennsylvania still in play. Futures pointing to a lower open. A rally so far. Some consolidation right now. Lets get the first word headlines with Karina Mitchell in new york. Karina it has turned into a contentious u. S. Election. It hinges on the results in seven states, all with varying rules on vote counting and legal challenges. Some states are facing legal battles. President trump has alleged corruption in voting and question the veracity of mailin voting ballots. Joe biden is urging patients. Theres no doubt hes heading for victory. Our goal is to defend the integrity of the election. We will not allow corruption to steal such an important election or any election. Silence, anybody to silence our voters. Good continue to feel very about where things stand. We have no doubt that when the count is finished, we will be declared the winners. Calm. Everyone to stay all people, stay calm. The process is working. The count is being completed. We will know very soon. Extendinge u. K. Is pay for furloughed workers until the end of march as the coronavirus continues to ravage the economy. Ended onam would have december 2. The payment of 80 of wages will continue for those unable to work im the pandemic. The u. K. Will be paying wages for over one year under measures originally intended to last just three months. Areesters in thailand fighting fresh rallies this weekend after rejecting parliaments plan for a National Reconciliation commission. Gather at theto democracy monument sunday to petition the king over demands for constitutional change and curbs on the monarchys power. The move comes after the king described thailand as a land of compromise. Global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. This is bloomberg. Thanks. Regardless of the outcome of the u. S. Election, the winner is only expected to change the pace of any rise in asian currencies against the dollar. Not actually reverse that direction. Thats according to the latest Research Since bloomberg from bloomberg intelligence. It has been a oneway bet and getting stronger as late. Weve had that winning streak, just broken today marginally. Tell us about whats going on. Basically, before we get an eligible vaccine and global application, the macro recovery in china, north asia will be led by europe and the u. S. The macro picture wont change regardless of who becomes the next u. S. President. We know there will be less policy support from china. The macro recovery is on track. They want to start saving room for the future. Thats why the currency is so strong and supportive. One factor that is more supportive for the currency compared to the beginning of the year is that [inaudible] we may be talking about into indonesia. Always good for the currency right now. Haslinda some people say that a rebound in the dollar could come suddenly and violently. What does that mean for currencies here in asia . The dollar did rebound. Remember when trump was leading . The lawn did rebound. Thats a good window. Of course, theres uncertainty that the bills could be contested. [inaudible] thats not going to change the macro picture right now. As long as the virus stays the same, that will not reverse the direction of the one. Yuan. Nothing else will change the path macro picture right now. Bloomberg intelligence. Investors and brokers are assessing the implications of chinas abrupt suspension of an ipo this week. We spoke exclusively to the chief fintech officer about the delay and initiatives to regulate the booming fintech market. Ofif you look at this kind fintech, they have been here for quite a while. A licenseobtained back in 2016. Theyve also been granted a license for the virtual bank. I think they will continue to play an Important Role. Given the licenses that were provided for in hong kong, there were no red flags that were glaring during the perspectives being issued . So far, we dont see any. Areith the delay going on, there any other potential black swans that could pop up . That. Ont see any sign of im back to the fintech seen. Of course, this is one player. You see many players in town as well. They are competing with each other to offer benefits to citizens. The other fintech heavyweight hopeful, what could be shared . There may be more scrutiny in their operations. If you look at the past four years, some of them are working very well. I think thats important to have a clear and easy to understand Regulatory Framework. The ipo suspension [inaudible] speakerst some of the within the past three days in the fintech week. The tone is very updated. I see some investors seeing asia, particularly hong kong, as one of the major plays that they would see a lot of fintech development. Raining and risk to the Financial Stability is part of the reason that was provided by regulators in china for pulling the ipo. How do you strike a balance between driving innovation in fintech while also monitoring how they play . Its a very great question. Balancing innovation and regulation is always more art than science. Thats exactly what we are trying to do. In the past four years, we have system,bout the payment the success of launching the kong, alsogs in hong the operators. In the next era, a number of new initiatives that we have launched in the past couple of days. Cdi we just mentioned. The crossborder trade financial linkage. Development with the bank of thailand and possibly other jurisdictions. Digital currencies will eventually be a key part of these kinds of linkages. Exactly. You still need to settle the trade payment. That is one important part. Thats why we have this crossborder initiative with bank of thailand. The pboc potentially is one partner. They seem to be signaling that this week. What steps are being taken to further that goal . Youve heard of it being tested multiple cities in china. If the pboc has the plan to roll out crossborder or outside of we will kong welcome this position. We stand ready to cooperate with the pboc. Part of that readiness is a legal play work being considered or put together. Look at the usage of r b in hong kong. They have been using it for years. We dont see that as external. Sophie camerin on the sidelines of hong kongs fintech week. Intog up, facebook jumping indias crowded Digital Payment market after getting the green light to run its whatsapp service. Details on the way. Here is bloomberg. Rishaad hong kongs fintech week is wrapping up. One of the banks that has been making a longterm shift, not just for its customers but its employees, has been Standard Chartered. We spoke with the group ceo about Digital Banking and recovery from the pandemic. Isif you asked the question, there a risk that banks are overregulated, that as a yes. No question. Virtual banks could end up no different than conventional banks. The regulation in hong kong is every bit as rigorous and the virtual Banking Sector as it is in the conventional banking center. Virtual banks are offering fewer products. That means the interaction is less. The focus on making sure that they are treating customers fairly, the way they were dealing with financial compliance, things like that. Thats the same. In most markets, they will continue to be the same. Companiesthe big tech , they set up early and moved quickly into banking space. This was years ago, at a time when the thoughtfulness around nonbank regulation was at an earlier stage. Its not surprising, as they become big and prevalent across the Chinese Consumer market, that regulation is catching up a little bit. From what we have seen out of the regulators in china, i guess that they will take some actions to try to align more the nonbank sector with the Banking Sector. No signs of dipping your feet into the virtual bank space in china, while we are talking about it. May be one virtual bank license granted. The bank has not been activated yet. Its a joint venture between two chinese entities. We have an extensive operation in china. Off of the main bank unit. We have a particular focus on management. We have a market meeting at for wealth that is meant products in china. Chinese customers can buy local funded products or international. There are limitations on how much International Product a mainland customer can buy. We will take every opportunity, either alone or with a partner, to expend that if we can get the regulatory permission. And in hong kong, we partnered with trip. Com. We did that because we wanted to have a broader set of user experiences for customers. Weve been extremely happy with that partnership. Could you do Something Like that in china at some point . Absolutely. Singapore . I know you are looking to have one in singapore. Do you have an update. Not really. With theve discussions regulator in singapore. The right time to have a digital bank license, we would do that in partnership with a strong local partner. Technology ande experience that we have gamed from hong kong. We would do that because we are really happy with how this landed. It is getting very high ratings and app stores. Very good Customer Feedback. Very strong account opening numbers. Those accounts are being funded. People are using them to pay for their purchases. We are happy with how that landed. It feels like a pretty good starting position for singapore bank. Should we get one. In singapore, they have not granted any digital bank licenses. We would hope that we would be in the first batch. Fair enough. Something else is happening this week. In 24 hours, we might get the new u. S. President. It might be joe biden or donald trump 2. 0. World, thet of the core position does not change. What is the assumption from an operating perspective . Do you think the tensions escalate . Do they taper down . How do you manage that . Our expectation is consistent with your conclusion. The tensions will remain. For better or for worse. Across each of those parties, theres enough divides. It has been critical of china. The signals out of china is that they dont see a big difference in the case of a biden win. Switch in thet a party in the senate. What i would expect is that biden would take a couple steps that would be different, should he win. There would be an element of engagement that has been lacking , and consistency of engagement. I think biden is likely to try to rebuild some of the International Alliances that have become frayed over the past four years. Whether that is with europeans or japan and korea, which are actually in quite good shape. There are invisible signs of strain. Chartered ceodard speaking with david and claes on the last day of Hong Kong Fintech week. Lets do a quick check on the markets and see how india is starting out this friday. A mixed bag here in asia. Tilting upwards, extending those gains. The nifty trading higher right now. 2 10 of 1 . Indian stocks have recovered from all the losses for the year , rising up along with other emerging markets. E are keeping a watch dividend forecasts falling 20 . Those stocks in play. Indian markets continue to go higher. Rishaad breaking news from japans biggest carmaker. At ¥1. 3g income trillion. It had previously been looking at ¥500 billion. More than a doubling of that operating income level. Thats coming in against this backdrop of the company saying the first half was ¥629 billion, weaker than anticipated. Looking here at a share price which is now up after this news that emerged. They are giving forecast about their global sales target as well. They were looking at a market for 2020 at 9. 1 million. They are saying their sales target is 9. 42 million units. A bit of a lift up in terms of the forecast. That is precipitating this share price gain as well in tokyo. Lets move to facebook. It has been given the green light to operate its Payment Service in india. The country is already crowded. Expected to top 1 trillion by 2023. Lets get to our finance reporter in mumbai. Mean for the approval this Digital Payment space in india, given how crowded it already is . Hi. Exactly. Its a very simply competitive market in india. One of the most lucrative ones, globally. Moreready have 200 [inaudible] whatsapp to be allowed to scale up its operation in india is really good. We have a pandemic around. People are shifting from physical to Digital Payment systems. No greater time for whatsapp the now. Stocke a very big countdown in the space. Google pay, amazon pay. [inaudible] that has eaten up the payment space very much in india. Entry will be a better payment business. Big usert has a really domain in india. Yeah. Da it does indeed. 400 million user base in india alone. Mayt a concern that it monopolize the market . Indeed. There is a concern. Organically grown big. [inaudible] 20 by user volume cap on each service operator. Fromwill be implemented january 1 next year. Then, the companies have time to scale down their operations and allow whatsapp to grow as well. You. Ad thank just getting more headlines coming through. Slightly lower than had been anticipated. Looking at a Second Quarter net of ¥470 billion as opposed to 530 billion. Lets look at the lexus brand. Sales better than expected. They are pointing to foreign exchanges and reviews of sales and substance assumptions. ¥1. 3 trillion. They did see half ¥1 trillion before this big lift up in their forecast. Their sales target up from the 9. 1 million that they did see to 9. 4 2 million units. At what weveook got coming up. Myanmar holding its second deck necrotic election. A special report as we had over. This is bloomberg. Haslinda myanmar holds it set Second Democratic election since the end of army rule. A party hip to return to power. Againstng takes place the backdrop of National Lockdowns and criticism that they have not delivered promises made last time around. How is the election shaping up . Nick yeah. It seems to be going pretty smoothly so far. Seen as vote is being another important step on myanmars continuing path to democracy. The people here have certainly enthusiastically embraced the right to express himself at the ballot box. Even though coronavirus has thrown up challenges, theres definitely been some enthusiastic campaigning. For the majority over the past five years, likelihoods have improved. Lets take a look at the bigger picture. See whether their performance has been, has fulfilled the promises. Reformsseen important in banking, insurance, education. These have been slow in coming. Theres a lot of work that needs to be done. This has continued to take lots of red tape. Overall Economic Performance has been modest. According to the world bank, rope growth fell in 2016 to under 2. 9 last year. Foreign investment is the same story. Office,irst year in 9. 4 billion. The largest Financial Year ended in september. It dropped to 5. 5 billion. Nevertheless, on the campaign trail, she said that despite the pandemic, myanmar has reached its target for the year. There was so much in 2015. After that win Economic Growth has been falling. What has been going wrong . What could they do about it . What promises are they making for the next five years . So, business is likely to welcome the continuity that will , as is widely expected, if he wins reelection. We will see more of the same. More gradual reform. He is the most popular and trusted politician in the country. Theainly that is among ethnic majority. Bear in mind that 30 of the countrys population is made up of other ethnic groups. They want greater representation in parliament. That could reduce the majority and greater ethnic representation in parliament. This will be a factor in the next five years. Next time an election rolls around, he will be 80 years old. Lets be realistic. He cant go on forever. That brings an element of uncertainty when we look into the future. Economically, myanmar rishaad thats all weve got time for. That was nick edwards joining us ahead of that election of the week. Im doug hirsch. You may already know that goodrx can help you save up to 80 on your prescriptions. Unfortunately, Many Americans cant get to a doctor right now. The good news is that for many health issues, you can see a doctor online. Its easy. Just go to goodrx. Com, and with a few clicks, youll be treated by a licensed medical professional, all from the comfort of your own home. Visits are confidential and affordable. Need a prescription . Your doctor can send it to your pharmacy or have it mailed to you. Get the healthcare you deserve at goodrx. Com. Good afternoon coming from bloombergs asia headquarters in hong kong. As we continue our coverage of the u. S. President ial election. To our top stories now. We have america awaiting the outcome of a bitter election, seven states hold the key to the white house. President trump alleges corruption. Joe says hesfi