Good afternoon everybody. And everybody who is looking at us virtually and everybody in line in the security line trying to get in. And everybody who will be watching sometime soon on a cable network. So i am jane harman, president and ceo of the Wilson Center and today we are probing a very complicated issue that is in my view policymakers in washington and all over the world. At least three parts of the problem are the u. S. China, and the 5g supply chain. The Wilson Center has just produced this is a prop, a spectacular policy brief by Melissa Griffith who is in the front row, and we will see in a little bit which is entitled there is more to worry about the huawei. I think you get the just of this. And she will explain in detail but run, do not walk to read this. Meanwhile, what captures the attention around 5g is that Chinabased Huawei has led the way in developing the superfast networks which will power self driving cars, virtualreality and other cuttingedge technology. Since Chi
They say they need more time to evaluate sweeping changes affecting the brokerage industry. President trump urged voters in kentucky to reelect the republican governor today. He says it would send a message to House Democrats conducting an impeachment inquiry. Governors races in mississippi and louisiana are also seeing as a test of the president popularity, so our state legislator races in virginia. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Shery live from bloomberg World Headquarters in new york, im shery ahn. Amanda live in toronto, im amanda lang. Welcome to bloomberg markets. Top storiesare the we are following from around the world. Deepens bonds selloff thanks to optimism over a potential removal of u. S. Tariffs on chinese goods, denting appetites for haven assets. Curbing huawei. My conversation with sec chairman ajit pai unwanted want to Ban Companies
Investors question the path to of things. Profitability. Sidelines, a step toward and, many state and local elections are taking place the Company Generating some cash tuesday. In our electioneering series, we. Low examine free speech versus falsehoods when it comes to political ads. Competition at this it is pitting facebook against twitter. On tuesday tanked point . Rohit i would take the other after failing to prove itself to wall street. Side. While the ridehailing app is there is nothing like the peloton bike on the market with projecting profitability by 2021, it did just not seem to be butintegrated ecosystem, enough. Shares hitting a record intraday loss. An more, i want to bring in when you look at consumers, mkm partners executive director. Thinking, can i work out today, where am i willing to spend walk me through the share price action tuesday. What is your take . 100, 150 per month and what can i do . Thank you for having me. There are a lot of connected was,nk that what u
Deal keeps stocks near alltime highs. Treasury yields rising. Gold falling below 1500. Shery huawei still see sales growth despite the longrunning ban on u. S. Tech. We hear from the fcc. First, lets get you breaking news out of south korea. We are seeing a balance of payment. 7. 4urplus widening to trillion billion in the month of september. This is coming from the previous month when the surplus was at 5. 2 billion in the month of august. That was also two consecutive months of the surplus widening. We have five months of surplus now after the country posted its first deficit in seven years back in april. It has been under a lot of pressure. We have september exports falling 12 . Now we are seeing 11 months of contraction for those exports and south korea. , alsood balance number seeing the surplus widening to from 4. 7on, up billion in the previous month. Numbers out of south korea when it comes to those payments current account balance. Lets turn to the Australian Market that has c
Yields keep on creeping up. This is the position we find ourselves in. We were looking for 1. 7 not long ago. The yen is weakening in the broad face of what has been Dollar Strength out there. Thai baht unchanged. Not surprising. Interest Rate Decision later on today. Possibility of another 25 basis points being cut. Cny sub seven, that is why we wanted to bring this up. Just edging stronger it would seem. Ourselves with the rally taking place which also petered out in the u. S. , though we had record highs for a couple of the indices, but it was a mixed bag overall is there also a sense that we could end up with a positive feedback loop as people have this fear of missing out on the rally . Lots of first word news telling us about the world. Here is su keenan in new york. Su we start with robert kaplan. He has told bloomberg that hes comfortable with the recent steepening of the yield curve, saying it is a sign that fed policy is in the right place. Hes previously voiced concern about